Codifies certain energy goals related to 2019 Energy Master Plan.
Impact
By codifying these energy goals, S1386 is expected to not only advance New Jersey's transition towards more sustainable energy sources but also align state regulatory frameworks with the outlined objectives. The bill requires multiple state entities, including the Department of Environmental Protection (DEP), to monitor and report on progress in achieving these goals, ensuring that accountability mechanisms are in place. This is significant as it emphasizes the need for collaboration between various departments and regulatory bodies to drive statewide energy initiatives. The DEP is tasked with preparing annual reports to detail progress until the year 2035, thereby fostering a culture of transparency and dedicated focus on energy issues within the state.
Summary
Bill S1386 aims to codify specific energy goals set forth in New Jersey’s 2019 Energy Master Plan. Introduced by Senator Bob Smith, the bill establishes concrete objectives for the state to meet in the areas of renewable energy usage and sustainable transportation by the years 2025 to 2035. Among the targets are the registration of at least 330,000 light-duty electric vehicles by 2025, a significant increase in the percentage of renewable electricity used, and the introduction of electric trains by the New Jersey Transit Corporation. Additionally, it outlines ambitious goals for the reduction of greenhouse gas emissions by the Port Authority of New York and New Jersey while also mandating energy benchmarking for large commercial buildings beginning in 2023.
Contention
Notably, while the anticipated outcomes of S1386 present a forward-thinking approach to environmental and energy policies, there are points of contention among stakeholders. Critics may argue about the feasibility of meeting such ambitious renewable targets within the designated timelines, especially in overcoming challenges related to infrastructure and technology investments. Furthermore, concerns could arise over potential economic impacts on businesses and property owners required to comply with new energy regulations. The interplay between economic growth, regulatory controls, and environmental stewardship will likely prompt ongoing discussions as the bill moves through the legislative process.
"Energy Security and Affordability Act"; requires BPU to consider energy security, diversity, and affordability when preparing Energy Master Plan and perform economic and ratepayer impact analysis of energy generation projects and Energy Master Plan.
"Energy Security and Affordability Act"; requires BPU to consider energy security, diversity, and affordability when preparing Energy Master Plan and perform economic and ratepayer impact analysis of energy generation projects and Energy Master Plan.
"Energy Security and Affordability Act"; requires BPU to consider energy security, diversity, and affordability when preparing Energy Master Plan and perform economic and ratepayer impact analysis of energy generation projects and Energy Master Plan.
"Energy Security and Affordability Act"; requires BPU to consider energy security, diversity, and affordability when preparing Energy Master Plan and perform economic and ratepayer impact analysis of energy generation projects and Energy Master Plan.
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.
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.
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.