"Chris Christie Continues Koch Binge, Slashes Renewable Targets"
Gov. Chris Christie said Tuesday that he planned to scale back New Jersey’s goals for renewable energy as he looked for an “achievable” approach to generating electricity in the state.
Christie plans to cut the renewable target from 30 percent of electricity production in 2021 to 22.5 percent, calling the higher figure a “pie-in-the-sky number.” The New Jersey Chamber of Commerce praised Christie for his “business-friendly” decision to scale back investment in job-creating technologies.
Here in New Jersey, unfortunately, we have leadership who likes to talk a lot about renewable energy, but hasn’t done much of anything.
Not only is Christie doing harm to New Jersey’s thriving renewable energy industry, he’s also spending limited taxpayer dollars to provide unnecessary subsidies for new natural gas power plants. New Jersey is now providing up to $2 billion in subsidies for 2000 megawatts of natural gas plants. This is an astonishing $1 per watt, which is about what new construction for natural gas plants is expected to cost. The move is also strongly opposed by other participants in the PJM power markets, especially energy efficiency and demand response businesses who will be harmed by New Jersey’s efforts to distort the market.