The State of New Jersey Enacts Greenhouse Standards

"The Global Warming Response Act seeks to dramatically reduce the amount of greenhouse gases coming from New Jersey in order to stave off the negative effects of global warming. By 2020, emissions should be reduced to pre-1990 levels, and by 2050 they should be cut by 80 percent of 2006 levels.

Exactly how this will be done, whether through an emissions voucher program, a cap and trade system, a carbon tax, or some other option, has been left open-ended in the legislation, with the specifics to be figured out by various state agencies within the next few years. Supporters praised this lack of specific prescriptions, seeing it as a way to maintain flexibility in order to confront a multi-faceted problem."
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