Fast Times at Cap&Trade High
Governor Chris Christie
You may not know this, but “Cap and Trade” isn’t just a buzz-phrase for something many environmentalists would like to see the U.S. adopt for regulation of greenhouse gases–it’s been a reality for 10 northeastern states since 2009. With the announcement of New Jersey Governor Chris Christie’s plan to withdraw from the Regional Greenhouse Gas Initiative (RGGI) this year, the hot-button issue of Cap and Trade has again come to the surface of environmental news sphere. Cap and Trade, the market-based mechanism that many call for to help steer our energy production from fossil fuels to renewables, has been employed under a cooperative agreement called RGGI (“reggie”). RGGI is a joint venture by the New England states along with New York, New Jersey, Delaware, and Maryland, to… [view entry]
