Authorizes use of Global Warming Solutions Fund monies for cost reduction programs; requires DEP to prioritize consumer relief when allocating Global Warming Solutions Fund monies.

This bill directs how New Jersey's Global Warming Solutions Fund money is spent, requiring the Department of Environmental Protection to prioritize helping consumers lower their energy costs. It establishes specific spending rules where 60% of the funds go to commercial and industrial energy efficiency projects, 20% supports residential programs in low- and moderate-income urban areas, and the remaining 30% is split between local government initiatives and forest or marsh restoration efforts. Additionally, the law allows up to 4% of the annual fund to be used for administrative expenses. By amending existing state statutes, the legislation ensures that future allocations from this fund focus on measurable reductions in energy demand and greenhouse gas emissions rather than other potential uses.