Gov. Christie to PUll NJ out of RGGI
This morning, New Jersey Governor Chris Christie announced that he will pull New Jersey out of the Regional Greenhouse Gas Initiative.
RGGI is a 10-state program that aims to reduce carbon pollution 10% by 2018. It requires generators of CO2 to purchase allowances for each ton of emissions they are likely to produce. RGGI’s proceeds are supposed to be invested in energy-efficiency projects and renewable energy resources, though Gov. Christie used $64 million raised by RGGI to help close NJ’s budget deficit last year.
Gov. Christie’s decision to end the program has drawn strong criticism from environmental advocates, who argue that the Governor is rolling back clean energy efforts.
New Hampshire has also considered withdrawing
from RGGI—last month, the NH House passed a bill to end the program and the NH Senate began holding hearings on the issue.