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?
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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
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