To: Q. who wrote (340 ) 7/7/2007 10:06:02 AM From: Smiling Bob Respond to of 384 You can find a shady character or two in every corporation if you dig hard enough. WWAT probably rising because their home state just signed this legislation into law. They also are the only pure and well established solar installation etc. public company. Solar sector is hot. Valuations may continue to be be overlooked, much like tech was. --- N.J. set to lead on global warming A bill likely to become law would cut greenhouse-gas emissions by more than any other state. By Elisa Ung Inquirer Trenton Bureau TRENTON - New Jersey is poised to take on global warming with a plan that imposes some of the nation's strictest limits on greenhouse-gas emissions. Under legislation overwhelmingly approved last week by the Assembly and Senate, the state would cut its emissions to 1990 levels by 2020 and to 80 percent of last year's levels by 2050. The bill would set into law the recommendations Gov. Corzine made in February via executive order and now awaits his signature. The plan puts New Jersey at the forefront of a growing number of states imposing their own global-warming crackdowns while citing an absence of federal leadership. New Jersey would be the first state to require the 80 percent reduction by 2050. Advocates hope the steps will help ramp up pressure on Washington to take wider-ranging steps. Either way, New Jersey's initiative could result in changes in energy usage, transportation policy, and even development patterns. "New Jersey has a unique opportunity to be a crusading force in curbing global warming and promoting new technologies and strategies to counteract greenhouse-gas emissions," said a sponsor, Assemblywoman Linda Stender (D., Union). But first, the state has to determine how to reach its goals. The state Department of Environmental Protection will conduct an inventory of greenhouse-gas emissions at various levels, and then will establish a monitoring and reporting program. By next June, the department is required to recommend ways to reach the 2020 target. It has until 2010 to find ways to reach the 2050 limit. An independent review panel would assess the recommendations and their impact. "We have the technology available right now to tackle global warming, and the two biggest pieces of the puzzle are clean energy and energy efficiency," said Suzanne Leta Liou, an advocate with the nonprofit group Environment New Jersey, which pushed for the legislation. Leta Liou hopes the law results in more state mandates to encourage fuel-efficient cars, sustainable biofuels, renewable energy, and more affordable and accessible mass transit. "The State of New Jersey has now prioritized this as an issue they are going to tackle, and they are not going to wait for the federal government," Leta Liou said. "Now it's a matter of making sure we put the policies in place." John Galandak, president of the New Jersey Commerce and Industry Association, which counts utilities among its members, said he was concerned that the law might wind up imposing so many restrictions that it would dull the competitiveness of state businesses. Galandak urged state officials to provide incentives rather than mandates. He did add that a growing market for renewable energy could present powerful business opportunities. Though similar legislation is being considered in several other states, only California, Washington and Minnesota have enacted initiatives to reduce greenhouse gases, said Glen Andersen, a program principal at the National Conference of State Legislatures. Only Minnesota goes so far as to target the 80 percent reduction by 2050, and that state will require additional legislation to mandate the goal, Andersen said. In New Jersey, officials have already set standards to limit emissions from new cars and light trucks, and the state now requires that 20 percent of the energy used in the state come from renewable sources by 2020. Brendan Gilfillan, a Corzine spokesman, said that the governor was reviewing the details of the bill but that it "supports the emission-reduction goals" outlined in Corzine's Feb. 13 executive order and "will build on the other steps we have taken that have made our state a national leader in combating global warming." Contact staff writer Elisa Ung at 609-989-9016 or eung@phillynews.com. Find this article at:philly.com