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Organizers Call Regional Emissions Plan A Success

Stock quotes in this article: PEG  

VICTOR EPSTEIN

NEW BRUNSWICK, N.J. (AP) — Organizers and participants in the nation's only working cap-and-trade program for carbon emissions called the fledgling attempt to reduce greenhouse gas emissions a success Wednesday.

Jeanne Fox, the head of New Jersey's Board of Public Utilities, said she hopes the Regional Greenhouse Gas Initiative will soon fall victim to its own success.

The original idea was to serve as a national model for reducing the greenhouse gas emissions many scientists blame for global warming, she said, noting that the U.S. House now is considering legislation to create a similar national program. ...

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