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NJ S4570
Bill
Status
6/5/2025
Primary Sponsor
Anthony M. Bucco
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AI Summary
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Withdraws New Jersey from the Regional Greenhouse Gas Initiative (RGGI) by directing the Commissioner of Environmental Protection to provide written notice to RGGI within 30 days of the act's effective date
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Repeals the "Global Warming Response Act" (P.L.2007, c.112) and related RGGI implementing law provisions (P.L.2007, c.340), including greenhouse gas emissions reduction requirements and reporting mandates
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Transfers all unencumbered funds from the "Global Warming Solutions Fund" to the General Fund to be used for ratepayer relief
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Removes references to the Global Warming Solutions Fund as a funding source for the Forest Stewardship Incentive Fund, Plug-in Electric Vehicle Incentive Fund, and Electric School Bus Program
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Eliminates definitions related to "greenhouse gas emissions portfolio standard" and "leakage" from state energy law, while retaining energy efficiency and renewable energy program authorities
Legislative Description
Withdraws New Jersey's participation in Regional Greenhouse Gas Initiative; repeals "Global Warming Response Act" and related sections of Regional Greenhouse Gas Initiative implementing law.
Environment and Energy
Last Action
Introduced in the Senate, Referred to Senate Environment and Energy Committee
6/5/2025