Wednesday, May 04, 2011
Chris Christie, Like Other Northeast States, Diverts CO2 Funds
Gov. Christie also has threatened to unilaterally take New Jersey out of the 10-state Northeast Regional Greenhouse Gas Initiative (RGGI). In 2008, the state passed the Global Warming Solutions Fund Act which requires that “up to 100%” of revenues from the sale of carbon credits under RGGI be used to fund energy efficiency, renewable energy, innovative greenhouse gas reduction technologies and other measures to reduce energy demands and costs for low- and moderate-income New Jersey citizens.
Notwithstanding these requirements, Christie raided green funds last year to address budget gaps. For the upcoming 2011-12 fiscal year, however, he ramps up the diversions, but to support construction projects and development programs:
• Approximately $1.3 million from the Global Warming Solutions Fund will finance a newly created Office of Economic Growth and Green Energy.
• Nearly $7 million from the Global Warming Solutions Fund would be taken to support New Jersey Turnpike Authority’s roadway widening project from Interchange 6 to Interchange 9 “to pay for the costs of replanting trees and impacts of the deforestation” from road expansion. Similar diversion of these revenues last year to pay for Turnpike widening re-forestry sparked outrage; and
• $20 million will be taken out of the State Recycling Fund this year ($7 million was diverted last year) and placed in the state General Fund. The Recycling Fund is funded by a garbage disposal surcharge to support municipal and county recycling programs.