NEW JERSEY is missing out by sitting on the sidelines of the Regional Greenhouse Gas Initiative. The state should be a player, not a spectator, in this game that brings so many benefits to the nine states that are already part of the team. A new analysis by our organization (“New Jersey and RGGI: Potential Benefits of Renewed Participation”) shows that by refusing to participate in RGGI, New Jersey is missing out on substantial environmental and economic benefits.
It’s official: The governor is so averse to a green economy, he burns money. Someone has finally slapped a price tag on Gov. Christie’s environmental indifference. According to an analysis [by Acadia Center], his decision to pull out of the Regional Greenhouse Gas Initiative in 2011 has already cost New Jersey $114 million in revenue from cap-and-trade auctions, and staying out of the carbon reduction venture will cost the state another $387 million over the next six years.