Gov. Murphy asks member states of the Regional Greenhouse Gas Initiative (RGGI) to allow New Jersey
New Jersey Governor Phil Murphy formally requested that New Jersey be reentered into the Regional Greenhouse Gas Initiative (RGGI) as a member-state. Although Murphy signed an executive order to rejoin the group, the rules of RGGI require non-member states to obtain approval from current member states before being allowed to join – approval the governor must now wait for. New Jersey, which was actually one of the initial founding member-states of the group, was removed from RGGI by former Governor Chris Christie. RGGI is a cap-and-trade group which raises money through CO2 allowance auctions that is then redistributed to member states to finance clean energy initiatives.
Read more about the RGGI program here: https://www.rggi.org/program-overview-and-design/elements