DEP to Hold March 29 Informational Meeting on NJ’s Return to Regional Greenhouse Gas Initiative

Stakeholders, Public Invited to Attend Day-Long Session Focused on Climate Change, Benefits of RGGI
Mar 14, 2018

Although New Jersey was a founding member, in 2005, of the Regional Greenhouse Gas Initiative, the state exited the program in 2012. This past January, new Gov. Phil Murphy signed an executive order directing the Department of Environmental Protection and Board of Public Utilities to take all necessary regulatory and administrative steps to rejoin the RGGI.

On March 29, the DEP will hold an informational meeting for the public and stakeholders to discuss this decision to return to RGGI, a climate change compact comprised of states in the mid-Atlantic and New England regions.

“The RGGI is the nation’s first multi-state, market-based cap-and-trade program designed to reduce emissions of carbon dioxide from power plants,” the DEP explained. “RGGI participants allocate, award and transfer carbon allowances through an auction process as an annual carbon-dioxide cap declines. The process encourages more market efficiencies, development of renewable energy, and technology improvements for power plants.

“Proceeds from the auctions are disbursed to states for a variety of programs that include energy efficiency assistance for consumers, renewable energy, greenhouse gas abatement and electricity bill assistance.”

The day-long event later this month, scheduled to run from 9 a.m. to 3:45 p.m. at the DEP headquarters in Trenton, will include presentations on climate change, an overview of N.J.’s greenhouse gas and energy picture, and an explanation of RGGI’s cap-and-trade mechanisms designed to reduce greenhouse gas emissions from the power sector while generating funds for energy efficiency and greenhouse gas reduction initiatives.

Registration is required.

“Gov. Murphy has made New Jersey’s return to RGGI – and placing the state once again as a leader in fighting climate change and sea-level rise – a priority of his administration,” said Acting DEP Commissioner Catherine R. McCabe. “At the DEP, we are committed to rejoining RGGI as quickly as possible while fully engaging the public and all stakeholders.”

As the DEP explained, “Rejoining RGGI aligns with the Murphy administration’s goal of 100 percent clean energy for New Jersey by 2050. … Transitioning from reliance on fossil fuels that contribute to climate change to renewable energy will also strengthen New Jersey’s economy and protect residents from harmful pollution.”

To learn more about the Regional Greenhouse Gas Initiative, and to register for the public information meeting, visit nj.gov/dep/aqes/rggi.html.

View a copy of Murphy’s letter to other RGGI state governors – in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island and Vermont – at nj.gov/dep/docs/letter-to-rggi-governors20180222.pdf. —J.K.-H.

Comments (0)
If you wish to comment, please login.