"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 Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
The "Polluters Pay to Make New Jersey More Affordable Act" aims to address climate change impacts in New Jersey by imposing cost recovery payments on certain fossil fuel companies. These payments will fund climate adaptation projects, such as coastal restoration and infrastructure upgrades, managed by the Department of Environmental Protection (DEP). The bill establishes a program to collect and distribute these funds, aiming to shift the financial burden of climate change adaptation from state taxpayers to the companies historically responsible for greenhouse gas emissions.
Bill text
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Document of record
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- Senate Committee Substitute
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