Clean Tech News & Views: EVs, Solar Energy, Batteries
It’s been a banner year for clean buildings policy in New Jersey. In February, Governor Phil Murphy set the precedent for the rest of 2023 and for future buildings policy in the state when he passed Executive Orders. Executive Order 316 sets a statewide goal of electrifying 400,000 homes and apartments, as well as 20,000 commercial spaces, by 2030.
Executive Order 317 instructed the New Jersey Board of Public Utilities to initiate a Future of the Natural Gas Utility Proceeding to develop emissions reduction plans for gas utilities that will comply with the state’s 2030 greenhouse gas emissions reduction target of 50 percent below 2006 levels.
. Across all of the New Jersey utilities, there will be$1.6 billion in annual energy efficiency investment for each of the next three years. There are overall targets of a 2 percent reduction in retail sales for electric utilities and a 0.75 percent reduction in gas retail sales. The Comfort Partners Program for LMI customers will be expanded, and the Whole House pilot program will continue to provide coordinated weatherization, health, safety, and energy efficiency interventions.
With combined funding from state and utility programs, New Jersey’s investment in clean buildings is now almost $2 billion annually, up from less than $500 million only a few years ago. With the Future of the Natural Gas Utility Proceeding and the development of a clean buildings road map underway, in addition to upcoming funding from Inflation Reduction Act programs, New Jersey is set to build on these impressive gains in coming years.I don't like paywalls. You don't like paywalls.
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