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  • NJ A1493
  • Clarifies intent of P.L.2007, c.340 regarding NJ's required participation in Regional Greenhouse Gas Initiative.
Introduced
(1/27/2016)
In Committee
(3/3/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill clarifies the intent of P.L.2007, c.340 (C.26:2C-45 et al.) and specifically requires the State's participation in the Regional Greenhouse Gas Initiative (RGGI). P.L.2007, c.340, commonly referred to as the Regional Greenhouse Gas Initiative or the "RGGI" implementing law, was enacted to further the purposes of the "Global Warming Response Act" (GWRA), P.L.2007, c.112 (C.26:2C-37 et al.). The RGGI implementing law partially implements the policies of the GWRA by creating an emissions auction and trading mechanism to reduce the level of greenhouse gas (GHG) emissions, namely carbon dioxide. P.L.2007, c.340 recognizes the State's participation in RGGI by setting forth the parameters to be followed for allowances auctions, and creating the "Global Warming Solutions Fund" and statutorily dedicating all the proceeds received from the sale, exchange or other conveyance of allowances through a greenhouse gas emissions allowance trading program to the fund.
2nd Reading in the Assembly, Environment and Solid Waste
Reported out of Assembly Committee, 2nd Reading  (on 3/3/2016)
 
 
Date Chamber Action Description
3/3/2016 A Reported out of Assembly Committee, 2nd Reading
3/3/2016 Assembly Environment and Solid Waste Hearing (14:00 3/3/2016 Committee Room 9, 3rd Floor)
1/27/2016 A Introduced, Referred to Assembly Environment and Solid Waste Committee
Date Motion Yea Nay Other
Detail 3/3/2016 Assembly Environment and Solid Waste Committee: Reported Favorably 4 2 0