Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
Flooding after Hurricane Sandy. Image: VIEW press / Getty Images
New Jersey Governor Phil Murphy signed an executive order Monday directing the state to rejoin the Regional Greenhouse Gas Initiative, a nine-state carbon trading exchange.
Why it matters: New Jersey was a founding member of RGGI, established in 2009 as a cooperative effort to cap and reduce CO2 emissions. Former Governor Chris Christie withdrew from the initiative in 2012, causing the state to miss out on $279 million in revenue from emissions credit auctions.