The New Jersey Department of Environmental Protection will be holding an informational meeting on March 29 to discuss New Jersey’s plan to rejoin the Regional Greenhouse Gas Initiative (RGGI). RGGI is a market-based cap-and-trade program focusing on the reduction of carbon dioxide emissions from power plants in the Northeast and Mid-Atlantic states. Carbon allowances are allocated, awarded, and transferred through an auction process, and the proceeds are disbursed to the member states for programs related to renewable energy, greenhouse gas abatement, and energy efficiency.
New Jersey was one of the founding members of RGGI, which was established in 2005. The current member states are Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont. New Jersey withdrew its membership in 2012. In January 2018, Governor Murphy signed an executive order directing the DEP and Board of Public Utilities to take the regulatory and administrative steps necessary to rejoin RGGI.
The public meeting will take place from 9 am to 345 pm on March 29. The meeting will be held in the first-floor meeting room at the DEP headquarters on 401 East State Street in Trenton. Registration is required. To register for the public meeting and to learn more about RGGI, please visit www.nj.gov/dep/aqes/rggi.html.