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.