New Jersey announces intent to pull out of RGGI cap and trade ? Christie strikes major blow

Source: Watts Up

Posted on May 26, 2011 by Anthony Watts

In a press conference moments ago in Trenton, Gov. Christie announced his support for repealing the state?s cap-and-trade law and withdrawing from the Regional Greenhouse Gas Initiative (RGGI), a 10-state regional compact in the Northeast that implements a cap-and-trade energy tax scheme from Maine to Maryland.

?It?s a failure,? Christie said today. ?RGGI has not changed behavior and it does not reduce emissions.?

He is absolutely right, and the implications are huge ? especially considering that the architect of RGGI was Lisa Jackson, who once was New Jersey?s director of the Department of Environmental Protection under Gov. Jon Corzine, and is currently Obama?s administrator at the federal Environmental Protection Agency.  Jackson is now conspiring with Obama to disregard Congress, the American people, and the last national election to implement cap-and-trade like policies through a regulatory back door.

With Christie?s fabulous leadership, New Jersey will be out of RGGI by the end of the year, punching a huge hole in the middle of the regional scheme, lending momentum to burgeoning repel efforts in New Hampshire, Maine, and New York, and leading, perhaps, the final and total end of cap-and-trade as a politically viable concept anywhere in the United States.

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SPPI Note:  See this paper on RGGI and NH:

The climate impact of the RGGI carbon dioxide emissions reduction plan is infinitesimal and inconsequential.  New Hampshire?s role in mitigating future climate change under RGGI is even less.