Energy

This Senate Resolution (SR 40) urges Governor Murphy to impose an immediate moratorium on new fossil fuel infrastructure projects (like pipelines and power plants) until the state adopts rules to meet its climate goals. It specifically requests this pause until regulations are in place to achieve an 80% reduction in greenhouse gas emissions from 2006 levels by 2050, as required by law. The resolution does not create new law but asks the Governor to halt such projects while the state develops a plan to transition to clean energy. It directly addresses the state's Energy Master Plan, which lacks provisions for existing and proposed fossil fuel projects. (Note: As a resolution, this is non-binding and only recommends action to the Governor.)

New Jersey's S 2463 bill withdraws the state from the Regional Greenhouse Gas Initiative (RGGI), a multi-state program targeting carbon emissions, and repeals the "Global Warming Response Act" along with related climate laws. It directs the Environmental Protection Commissioner to notify RGGI officials of New Jersey's withdrawal 30 days after the bill takes effect. All unencumbered funds previously held in the "Global Warming Solutions Fund" are transferred to the General Fund for ratepayer relief. This bill directly affects New Jersey's climate policy framework by ending its participation in RGGI and redirecting climate-related funding.