New Jersey plans to devote about three-quarters of its revenue from the Regional Greenhouse Gas Initiative (RGGI) to electrifying transportation.
By Lightspring/Shutterstock.com
The state this year rejoined RGGI, a 10-state cap-and-trade program for the power sector. By participating in RGGI’s quarterly greenhouse gas allowance auctions, New Jersey expects to earn $240 million over three years.
New Jersey intends to spend 75% of its RGGI revenue on transportation, 15% on a “green bank” and 10% on bolstering its coastal and forest habitats, according to a plan released April 17.
Have more mobility news that we should be reading and sharing? Let us know! Reach out to Sage Kashner (kashner@ctaa.org).
Please confirm you want to block this member.
You will no longer be able to:
Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.