Phil Murphy reverses Christie and brings Jersey back into climate change pact

With New Jersey back in, RGGI will have 10 members. Virginia is considering joining the pact, as well. If Virginia joins, the 11-member agreement would represent the world’s fourth-largest economy, according to the Acadia Center, a nonprofit group that advocates for the expansion of clean energy.

Murphy also noted that New Jersey lost $279 million in revenue by leaving the agreement and that returning to it will create jobs. According to analysis from Acadia Center, New Jersey has forgone $232 million in RGGI auction revenue since the state left the regional program.

Read the full article from nj.com here.