Rejoining a multistate greenhouse-gas reduction pact and preserving cap-and-trade regulations could be the easiest way for New Jersey to address a new federal plan for curbing carbon emissions, but Gov. Chris Christie’s administration has rejected that path, leaving the state to pursue a potentially more cumbersome alternative, some attorneys say.
The RGGI could be worth reconsidering for New Jersey as a “fully developed and economically viable means for trading emission credits,” but that doesn’t necessarily mean that an alternative will be more burdensome and time consuming, according to McCarter & English LLP partner John J. McAleese III.
“I am not sure we can go that far because the state may conclude through analysis that other means of compliance are more efficient, cost-effective, economical or otherwise advantageous to N.J. interests,” he said.
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