S1322

TRENTON – Legislation sponsored by Senate President Steve Sweeney (D – Gloucester, Salem, Cumberland) and Senator Bob Smith (D – Middlesex) that would reaffirm New Jersey’s participation in the Regional Greenhouse Gas Initiative (RGGI) cleared the full Senate today.

The bill, S1322, would clarify the intent of RGGI legislation enacted in 2007. That law helped create an emissions auction and trading mechanism to help reduce the level of greenhouse gas emissions, particularly carbon dioxide. In May of last year, Governor Christie announced that he was withdrawing New Jersey from RGGI without seeking legislative approval.

TRENTON – Legislation sponsored by Senate President Steve Sweeney (D – Gloucester, Salem, Cumberland) and Senator Bob Smith (D – Middlesex) that would reaffirm New Jersey’s participation in the Regional Greenhouse Gas Initiative (RGGI) cleared the Senate Environment and Energy Committee today.

The bill, S1322, would clarify the intent of RGGI legislation enacted in 2007. That law helped create an emissions auction and trading mechanism to help reduce the level of greenhouse gas emissions, particularly carbon dioxide. In May of last year, Governor Christie announced that he was withdrawing New Jersey from RGGI without seeking legislative approval.