New Jersey

New Jersey issues rules for rejoining cap-and-tax pact

Former Gov. Chris Christie removed New Jersey from the Northeast cap-and-tax initiative known as the Regional Greenhouse Gas Initiative (RGGI) in 2011. His successor, Democrat Phil Murphy, rejoined the charade in January 2018. Now New Jersey is subsidizing nuclear plants and mandating wind/solar to help reduce CO2 emissions by a ridiculously small amount — about 540,000 tons per year. As global manmade CO2 emissions are on the order of 50 billion tons per year, Garden Staters will be paying even more for electricity (they already pay the 11th highest electricity rate) to reduce annual emissions by an irrelevant 0.00108%.

Source: UtilityDive.com Web | PDF