Log in



Lost your password?
  • FREE TRIAL
  • ABOUT
    • About EnerKnol
    • Company News
    • Careers at EnerKnol
    • Press
  • PRODUCT
    • About the EnerKnol Platform
    • Why EnerKnol
    • Source Coverage
    • Get Access to the EnerKnol Platform
  • ANALYST RESEARCH
    • Renewables
    • Environmental Markets
    • Fossil Fuels
    • Power & Utilities
    • View All Research
    • Get EnerKnol Research
  • EVENTS
    • EnerKnol Calendar
    • New York Energy Week
  • NEWS
  • SUBSCRIBE
MENU
Login

Access the EnerKnol platform

EnerKnol
EnerKnol is the leading provider of regulatory data, analytics, and tracking software for North American energy markets
EnerKnol
  • FREE TRIAL
  • ABOUT
    • About EnerKnol
    • Company News
    • Careers at EnerKnol
    • Press
  • PRODUCT
    • About the EnerKnol Platform
    • Why EnerKnol
    • Source Coverage
    • Get Access to the EnerKnol Platform
  • ANALYST RESEARCH
    • Renewables
    • Environmental Markets
    • Fossil Fuels
    • Power & Utilities
    • View All Research
    • Get EnerKnol Research
  • EVENTS
    • EnerKnol Calendar
    • New York Energy Week
  • NEWS
  • SUBSCRIBE
Search:
New Jersey Unveils Rules to Rejoin Regional Carbon Market

The New Jersey Department of Environmental Protection proposed to set an initial carbon dioxide cap at 18 million tons in 2020 for the electricity generation sector when the state officially becomes a member of the Regional Greenhouse Gas Initiative, the nation’s first mandatory cap-and-trade program to reduce greenhouse gas emissions, according to a Dec. 17 news release. The department also proposed a rule to establish a framework to spend carbon auction proceeds, prioritizing investments in disproportionately burdened communities. The state plans to participate in the RGGI carbon-dioxide auction scheduled for March 2020.

The proposed emissions cap, which is below the estimated actual emissions of 20.6 million tons in 2020, would decline 3 percent annually through 2030 with other adjustments that are common to member states. Since 2005, member states have lowered power plant emissions by an aggregate of more than 50 percent.

Democratic Governor Phil Murphy signed an executive order in January 2018 directing the department and the public utilities board to begin the process of rejoining the nine-member compact. Murphy’s predecessor, Chris Christie, a Republican, withdrew New Jersey from the program in 2012, citing a lack of effectiveness and uncertainty over its future. The Murphy administration has set a goal of 100 percent clean energy for New Jersey by 2050.

Written comments on the proposal are due by Feb. 15. The comment process includes public hearings on Jan. 25.

December 31, 2018
Share
TweetShare on Twitter Share on FacebookShare on Facebook Share on LinkedInShare on LinkedIn

Post navigation

PreviousPrevious post:Dominion’s Millstone Nuclear Plant Wins Zero-Carbon Energy Contract in ConnecticutNextNext post:Minnesota Power Wins Approval for 250-Megawatt Wind Power Contract

Related Research

EnerKnol Research PU Visual Primer Solar Power 2026 01 27 Blog preview
State Policies Drive Solar Momentum Amid Federal Constraints
January 26, 2026
EnerKnol Research PU Visual Primer Solar Power 2026 01 27 Blog preview
Visual Primer: State Policies Drive Solar Momentum Amid Federal Constraints
January 26, 2026
Pennsylvania Sets Emissions Reduction Goals in Line With Paris Climate Accord
U.S. Energy Department Announces $155 Million for 16 National Lab Projects to Boost Industrial Innovation
January 23, 2026
U.S. Energy Department Overhauls Energy Loan Portfolio, Targets $83 Billion in Biden-Era Commitments
January 23, 2026
Week Ahead: CA’s Building Energy Action Plan, Utah’s Large Load Tariffs, MD Expands Energy Storage
January 22, 2026
Ohio Regulator Approves FirstEnergy's Auction Results to Set Default Power Rates
New Jersey Governor Signs Orders to Freeze Rate Hikes, Fast-Track New Power Supply
January 22, 2026
U.S. Energy Department to Invest $120 Million in Research Center to Advance Next Generation Battery Technology
PJM Board Unveils 2026 Grid Action Package to Integrate Data Centers and Strengthen Reliability
January 20, 2026
EnerKnol Research PU Visual Primer Energy Storage 2026 01 20 Blog preview
Battery Storage Takes a Larger Role in Grid Modernization
January 19, 2026
  • Renewables
    • Biofuels
    • Electric Vehicles
    • Hydropower
    • Nuclear Power
    • Solar Power
    • Wind Power
  • Environmental Markets
    • Carbon Markets
    • Emissions
  • Fossil Fuels
    • Coal Power
    • Natural Gas
    • Oil
  • Power & Utilities
    • Energy Efficiency
    • Energy Storage
    • Retail Power & Gas
    • Smart Grid
    • Wholesale Markets

Subscribe To Our Research Newsletter!


First Name *
Last Name *
Email Address *
Phone *
Company *
Job Title *
Select any sectors you're interested in

Submit Form
https://enerknol.com/?p=26074
EnerKnol
Copyright (C) EnerKnol, Inc. | 175 Greenwich Street, FL-38 New York, NY 10007 | (212) 537-4797 | sales@enerknol.com | Terms & Conditions       Visit EnerKnol on YouTube  Visit EnerKnol on Facebook  Visit EnerKnol on Twitter  Visit EnerKnol on LinkedIn