RGGI Withdrawal Could Cost New Jersey $680 Million in Future Revenue
A new report says New Jersey risks hundreds of millions in future revenue by withdrawing from RGGI.
A new report says New Jersey risks hundreds of millions in future revenue by withdrawing from RGGI.
New Jersey Governor Chris Christie, one of the Republican party’s many two-faced liars (who says he is promoting renewable energy but is, in fact, doing everything he can to fight its growth), recently announced that he was pulling the state out of the Northeast’s climate change and clean energy cap-and-trade program, the Regional Greenhouse Gas Initiative (RGGI). Well, it turns out, Governor Christie may not have the power to do so soon… but it’s going to be a close call.
I had been worried about two or three states pulling out of the Regional Greenhouse Gas Initiative (RGGI, pronounced “Reggie”), the nation’s first cap and trade program for greenhouse gases, for awhile. It seemed 99.9% sure that New Hampshire would pull out after its House of Representatives voted to pull out of the initiative and its Senate had a clear Republican majority likely to do the same. Even if the Governor tried to veto such a decision, he could be overridden.