New Jersey looks to rejoin RGGI to tackle greenhouse gas emissions

RGGI new jersey

DANA BATE / WHYY – Seven and a half years ago, then-Gov. Chris Christie pulled New Jersey out of a regional cap-and-trade effort to lower greenhouse-gas emissions.

On Friday, state environmental regulators will hear the public’s views on two proposals that would allow New Jersey back in.

The Regional Greenhouse Gas Initiative — known as “Reggie” —  puts a cap on a participating state’s carbon emissions from fossil fuel-fired electric power plants with a capacity of 25 megawatts or greater.

Power plants are given CO2 allowances, each equal to one ton of carbon dioxide. They can buy additional allowances through auctions —  the “trade” part of “cap-and-trade” — and the proceeds from those auctions are used by participating states to fund things such as energy-efficiency programs, renewable energy, and other climate-related initiatives …

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