Proposed New Jersey Climate Financing Program Through Electricity Charge
Official: A3903 — Establishes Climate Change Mitigation and Resilience Financing Program in NJ Infrastructure Bank; imposes per-kilowatt hour charge on electric energy consumption to finance climate change mitigation and resilience projects.
Reading: Creates a new Climate Change Mitigation and Resilience Financing Program with dedicated per-kilowatt-hour funding mechanism to finance climate and resilience projects.
This charge would generate revenue to finance climate projects through the Infrastructure Bank.
In clear language
New Jersey has proposed a bill (A3903) that would establish a financing program through the NJ Infrastructure Bank to support climate change mitigation and resilience projects. The program would be funded by adding a per-kilowatt-hour charge to electricity consumption for residents and businesses. This charge would generate revenue to finance climate projects through the Infrastructure Bank.
How does this affect you?
Pick the type of resident or organization you most identify with — we'll generate a plain-language breakdown of what changes for you and what you can do about it.
Who does this affect?
- All New Jersey residents and businesses that use electricity
- Communities vulnerable to climate impacts who may benefit from resilience projects
- The NJ Infrastructure Bank, which would administer the financing program
What can you do?
- Contact your state representatives to share your position on the proposed bill
- Learn more about the bill by tracking its progress through the Assembly Environment and Solid Waste Committee
Timeline
- 2026-01-13: Bill A3903 introduced and referred to Assembly Environment and Solid Waste Committee
No New Jersey official has a verified action on this policy yet.
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