New Jersey is pulling out of the Regional Greenhouse Gas Initiative, and three other states may follow. Why is RGGI on the ropes and who is throwing the punches? RGGI is made up of 10 northeastern states stretching from Maine to Delaware. In 2008, they banded together to form a carbon-trading program for power plants --- a market mechanism that enables utilities to buy and sell emission credits so they can meet caps on the amount of carbon they're allowed to put into the air.
Jeff Young reports for Living on Earth airdated June 10, 2011.
SEE ALSO:
"Koch-Funded Group Mounts Cut-And-Paste Attack on Regional Climate Initiatives" (Grist)
"How Koch Became An Oil Speculation Powerhouse" (Think Progress)
Source: Living on Earth, 06/13/2011
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