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
3 people have acted on this policy
Verified promises, sponsorships, votes, or other actions where the politician's record references this policy. Each entry links to that person's accountability page.
- Robert KarabinchakDNew Jersey
- Bill sponsoredIn progressPrime sponsor of 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 a
- Jim KennedyDNew Jersey
- Bill sponsoredIn progressPrime sponsor of 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 a
- Sterley StanleyDNew Jersey
- Bill sponsoredIn progressPrime sponsor of 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 a
Related policies
- NJ LegislatureJun 28, 2026Fossil Fuel Companies Pay for Climate Adaptation in New Jersey
This bill requires fossil fuel companies to pay money to New Jersey to help fund projects and programs that prepare the state for the effects of climate change, like flooding and extreme weather. The state's Department of Environmental Protection would collect and manage these payments. The goal is to make climate adaptation more affordable for New Jersey residents by having polluters help cover the costs.
- NJ LegislatureJun 23, 2026Making Fossil Fuel Companies Pay for New Jersey's Climate Adaptation
This bill requires certain fossil fuel companies to make cost-recovery payments to help fund New Jersey's efforts to adapt to climate change. The New Jersey Department of Environmental Protection (DEP) would collect these payments and manage how the money is used. The goal is to shift some of the cost of climate adaptation onto the companies responsible for fossil fuel emissions.
- NJ LegislatureJun 1, 2026New Jersey Creates AI Tool to Predict and Map Floods
This New Jersey bill directs the state's Department of Environmental Protection (DEP) to develop and use artificial intelligence technology to better predict flooding and create detailed flood maps. The tool will help communities understand flood risks and prepare accordingly. This is part of New Jersey's effort to adapt to climate change impacts like increased flooding.
- NJ LegislatureJun 1, 2026Challenge to New Jersey's Climate Resilience Rules
This is a legislative resolution that claims New Jersey's climate and environmental protection rules are not aligned with what the legislature originally intended. The resolution has just been introduced and referred to the state Senate's Environment and Energy Committee for review. If passed, it could lead to changes or reconsideration of those rules.