Yesterday, as expected, New Hampshire Governor John Lynch vetoed a bill that would have withdrawn his state from the Regional Greenhouse Gas Initiative (RGGI), a groundbreaking climate program.
In his veto message, Gov. Lynch stated that ending New Hampshire’s involvement in RGGI would cost jobs, hinder the state’s economic recovery and damage its economic competitiveness in the future. Lynch cited a University of New Hampshire assessment which found that RGGI's cumulative impact through 2010 was a net benefit of over $16 million in revenue.
New Hampshire has been the first state to consider repealing RGGI. While New Jersey Governor Chris Christie has signaled his intention to withdraw his state from the program, New Jersey’s legislature voted against pulling out of RGGIjust one week ago.