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When the New Hampshire legislature passed SB 154, which would end the state's participation in the Regional Greenhouse Gas Initiative (RGGI), House Speaker Bill O'Brien claimed the action would "offer relief to our residents and employers" and "get our economy moving forward." More than 225 New England businesses disagree and have signed an open letter to the region's governors supporting the initiative.
The letter, coordinated by the New England Clean Energy Council, calls for governors of RGGI states to support the initiative and improve it by updating the emissions cap and increasing the scope by reaching out to other states.
“We believe strong clean energy and clean air policies create jobs and stimulate economic growth. RGGI shows that market-based programs can reduce greenhouse gas emissions while boosting our economy,” the letter reads. “By reducing spending on out-of-region fossil fuels, RGGI improves energy security and economic competitiveness and frees up energy dollars for spending in other parts of our economies.”
Gov. Lynch vetoed SB 154 declaring RGGI "is helping to reduce our dependence on foreign oil, creating jobs, and helping our businesses save money and become more competitive." The legislature is expected to attempt to override the veto this fall.
