In late 2011 the Christie Administration announced New Jersey’s withdrawal from the program after three years of participation.  As a result, New Jersey’s power plants are no longer governed by a limit on the amount of carbon pollution they can produce. At the same time, the state no longer receives any revenue resulting from the sale of pollution allowances required in participating states – limiting the state’s ability to invest in clean energy initiatives. As a result, the state is missing out on an opportunity to reduce energy bills and create jobs.