"Polluters Pay to Make New Jersey More Affordable Act"; imposes cost recovery payments on certain fossil fuel companies for funds needed for climate change adaptation; establishes program in DEP to collect and oversee distribution of funds.**
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
The ‘Polluters Pay to Make New Jersey More Affordable Act’ aims to address climate change adaptation costs by imposing cost recovery payments on certain fossil fuel companies. These payments will fund projects like coastal wetland restoration and upgrades to infrastructure to combat the impacts of climate change. The Department of Environmental Protection will oversee the collection and distribution of these funds, shifting responsibility for adaptation expenses from state taxpayers to those historically contributing to greenhouse gas emissions.
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- Assembly Committee Substitute
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