Did N.J. make the right call in leaving RGGI?
May 4, 2012
Quoted: Robert N. Stavins, a member of the Belfer Center Board of Directors and director of the Harvard Environmental Economics Program
Topic: Regional Greenhouse Gas Initiative
“When asked to weigh in, Robert Stavins, director of Harvard University’s Environmental Economics Program, surprisingly sided with New Jersey officials, saying the state’s exit is ‘not of major consequence’ because RGGI is nonbinding in the first place.
‘Their withdrawal is not of great significance,’ he said.
Stavins explained that low natural gas prices, the recent recession and one of the mildest winters in recent memory have helped to do the work that was envisioned by RGGI back when it was conceived.”
Stavins was also quoted in “U.N. talks on Rio agenda break off, but negotiators vow to resume” in ClimateWire on May 8, 2012.