“It’s a failure,” said Christie. “RGGI has not changed behavior and it does not reduce emissions.”

By Amanda Carey at The Daily Caller

EXCERPTS:

The goal of RGGI — a ten-state cap and trade program — is to reduce carbon dioxide emissions 10 percent by 2018. When utilities purchase their emission permits, the proceeds are supposed to go to investments for developing alternative energy sources.

New Jersey isn’t the only state to recently move toward withdrawing from RGGI – often pointed to by environmentalists as a cap and trade success story. In March, the New Hampshire state House also voted to withdraw.

Christie, however, has said he still believes in global warming, but is skeptical that it is entirely man made.

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