New Jersey raised more than $15 million from power companies and other bidders this week through its participation in a regional auction designed to lower greenhouse gas emissions. The auction is part of the first market-based cap and trade program in the nation to make polluters pay for the right to emit carbon dioxide and ultimately lower emission amounts. Each power company in the 10-state coalition must purchase allowances for every ton of carbon they emit each year. The proceeds will be invested by the states in energy efficiency projects and developing renewable energy sources, such as wind and solar....