New Jersey bill suspends participation in Regional Greenhouse Gas Initiative and establishes a carbon dioxide mitigation fee.
New Jersey bill A5434 suspends the state's participation in the Regional Greenhouse Gas Initiative (RGGI) and establishes a carbon dioxide mitigation fee on energy generation units. The bill requires the Department of Environmental Protection to notify RGGI and other states of New Jersey's withdrawal from the initiative. It mandates the Department, in collaboration with the Board of Public Utilities, to submit annual reports to the Governor and Legislature evaluating environmental and energy concerns related to RGGI participation.
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