Posted with permission by the American Sustainable Business Council-New Jersey.
This letter was sent as submitted comments on the NJDEP’s proposal to formally repeal the law that allowed NJ to be part of the multi-state RGGI clean-energy coalition.
September 5, 2014
Submitted Comments Opposing Governor Christie’s NJDEP Proposed Repeal of the Regional Greenhouse Gas Regulations
Alice Previte, Esq.
Attn: DEP Docket No. 04-14-15
New Jersey Department of Environmental Protection
Office of Legal Affairs
P.O. Box 402
401 E. State Street, Seventh Floor
Trenton, NJ 08625-0402
Dear Ms. Previte:
Please accept these comments on behalf of the American Sustainable Business Council-NJ, representing diverse companies and business associations, regarding NJDEP Docket No. 04-14-15.
The American Sustainable Business Council-New Jersey and its network of NJ-based business owners and supporters are dedicated to pursuing a sustainable economy in New Jersey. Therefore, we request the reinstatement of New Jersey into the Regional Greenhouse Gas Initiative. Throughout the Northeast, RGGI has consistently shown that it contributes to bolstering state financial coffers, while also reducing greenhouse emissions. RGGI also serves to stimulate new markets for renewables and clean energy technologies, which lead to additional job growth and the attraction of new financial investment capital.
As business leaders in New Jersey, we see RGGI as a very smart investment; one that mitigates the risk of climate change, while producing much needed revenue and the cause of many new, well paid, in-state jobs. RGGI demonstrates that economic gain and environmental stewardship are entirely compatible. RGGI is a business investment that pays significant dividends with almost no associated risk.
We call upon Governor Christie to re-engage New Jersey in RGGI for the following reasons:
1/ RGGI is a market-based and impactful way for New Jersey to reduce its global warming emissions, while at the same expanding its clean energy economy.
2/ RGGI is a source of revenue. New Jersey can generate millions of dollars in carbon revenues through RGGI. These dollars can be invested in local economic opportunities. Prior to its withdrawal from RGGI in 2011, New Jersey raised over $113 million in revenues.
3/ RGGI helps to mitigate the very real risks of climate change. Rising sea levels and extreme weather events like Hurricane Sandy demonstrate the economic risks associated with inaction. RGGI is a prudent insurance policy against further damage.
4/ RGGI is an effective and flexible way for New Jersey to comply with EPA’s recently announced draft carbon standard for power plants.
5/ Residents of New Jersey want climate action. An overwhelming majority (80%) of citizens support limits on carbon emissions.
RGGI is a proven program that generates benefits for businesses, creates jobs and provides a positive impact on the economy.
Since 2009, the program has helped to:
- Reduce climate-altering carbon pollution by almost 30 percent;
- Cut electricity prices by 8 percent;
- Create more than 23,000 job-years of work;
- Lock in more than $1.8 billion in long-term savings on energy bills; and
- Add more than $2.4 billion in economic activity to the region.”
As business leaders, we recognize a good investment when we see one, and RGGI stands out as a clear case in point. RGGI is only an early example of the adjustments and steps we will all have to make in the dawning era of climate change recognition, but it is one that has proven its worth to us within the NJ business community.
We encourage the Christie Administration to appreciate the business case for rejoining RGGI.
Business Engagement Manager
American Sustainable Business Council-New Jersey