NJs 2024 Energy Master Plan, Transitioning NJ to 100% Clean Energy by 2050
Today, January 20, 2023, New Jersey Governor Phil Murphy announced the planning of a new Energy Master Plan (EMP) for release in 2024, reflecting New Jersey’s updated climate goals to reach a 100% clean energy economy by 2050.
Governor Murphy established the State’s EMP process with Executive Order No. 28, which directed the New Jersey Board of Public Utilities (NJBPU) to lead the development of the 2019 EMP as a statewide blueprint to achieve a 100% clean energy economy by 2050 while meeting offshore wind development and energy storage goals through a least-cost pathway.
The 2019 EMP set a strategy to comprehensively address New Jersey’s energy system and its associated greenhouse gas emissions and air pollutants while building a “world-leading innovation economy that invests in communities, vulnerable ecosystems, and public health.”
The 2024 EMP will update and expand upon this pathway with new information on recent state and federal policies, and federal funding through the Infrastructure Investment and Jobs Act and the Inflation Reduction Act will provide additional support to further the advancement of these clean energy policies.
To ensure the EMP demonstrates the full economic and environmental impacts of clean energy policies, additional time is needed to focus on data-driven modeling. Stakeholder meetings originally scheduled to begin in early 2023 will be rescheduled to later in the year to inform the Energy Master Plan Committee’s construction of the report.
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