NSNJ News

NSNJ PODCAST: REGIONAL GREENHOUSE GAS INITIATIVE

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Nine Northeastern and Mid-Atlantic states participate in the Regional Greenhouse Gas Initiative (RGGI), a voluntary, market-based, cooperative effort to reduce greenhouse gas pollution.  Under RGGI, states sell emissions allowances in quarterly auctions, with the revenue then dedicated to clean energy, energy efficiency and other programs. 
 
RGGI has generated $1.9 billion in cumulative proceeds since inception, with the December-2014 auction raising more than $94 million for states to invest in various ways to serve middle-class consumers, including renewable-energy projects and direct bill assistance.  Once a RGGI member, New Jersey withdrew in 2011, although leaders in the state have worked to forestall the exit, citing lost economic and environmental opportunities.
 
Joining NSNJ Chairman and Co-Founder Philip Murphy for a discussion of the model and its benefits to middle-class families are two members of the RGGI Board of Directors: Kelly Speakes-Backman, Commissioner of the Maryland Public Service Commission: and David Cash, Commissioner of the Massachusetts Department of Environmental Protection.

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New Start New Jersey believes our state can do better — better for our families, better for our middle class. Committed not only to exploring, but also to enacting the most effective public policy initiatives to grow the economy and improve our quality of life, New Start New Jersey will work to generate momentum toward fulfilling our considerable promise, ensuring a more prosperous future for our state and all of our citizens.

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