New Jersey Assembly Bill A4483

New Jersey 2022-2023 Regular Session

• Introduced: 9/15/22
• Refer: 9/15/22
• Refer: 9/22/22
• Refer: 12/5/22
• Report Pass: 12/12/22
• Engrossed: 12/15/22
• Refer: 12/15/22

Caption

Requires study of ocean energy potential; directs BPU to establish wave and tidal energy generation goals and take other action to establish NJ as nationwide leader in ocean energy.

Impact

If enacted, A4483 would have significant implications for state energy laws by integrating ocean energy into New Jersey's renewable energy portfolio. The bill aims to promote further investments in wave and tidal energy technologies, supporting the state's broader objectives of achieving 100 percent clean energy. This legislative effort aligns with previous executive orders emphasizing the importance of expanding renewable energy resources, thus ensuring that the state fully utilizes its vast oceanic potential.

Summary

Assembly Bill A4483 is an initiative aimed at harnessing New Jersey's ocean energy potential, focusing primarily on wave and tidal energy. The legislation mandates a comprehensive study to evaluate the feasibility and benefits of adopting such energy sources. A pivotal aspect of the bill is its direction for the Board of Public Utilities (BPU) to establish specific generation goals for wave and tidal energy, thereby positioning New Jersey as a national leader in ocean energy innovation. The act complements established goals outlined in the Energy Master Plan in pursuit of cleaner energy solutions by 2050.

Sentiment

The general sentiment surrounding A4483 reflects a positive outlook on the potential advancements in both environmental sustainability and economic growth. Proponents argue that this bill addresses urgent energy needs while fostering innovation and job creation within the clean energy sector. However, some concerns linger regarding the scale of investments required and possible environmental impacts, drawing a range of opinions from community stakeholders.

Contention

Among the notable points of contention is the bill's reliance on pilot projects to ascertain the viability of wave and tidal energy. Critics emphasize the need for thorough assessments to avoid adverse ecological effects and ensure that the proposed energy solutions are indeed beneficial to local ecosystems and economies. Additionally, ensuring stakeholder engagement from various industries, including fishing and environmental organizations, remains essential as the bill progresses.