Extends for five years date of certain greenhouse gas emissions and clean energy goals.

This bill extends New Jersey's greenhouse gas emissions and clean energy reduction goals by five years, moving the target date from 2050 to 2055. It directly affects the state's environmental regulations and entities responsible for emissions, including businesses and electricity consumers. The legislation amends existing laws to require statewide greenhouse gas emissions to reach 80 percent below 2006 levels by the new 2055 deadline, while also requiring the Department of Environmental Protection to update emission inventories. The bill maintains the original 2020 emissions reduction target and includes provisions for the department to consider economic impacts when implementing measures to meet these goals.