RGGI Strategic Funding: Years 2026-2028
The New Jersey Department of Environmental Protection (NJDEP), the New Jersey Board of Public Utilities (NJBPU), and New Jersey Economic Development Authority (NJEDA) are planning to release the Regional Greenhouse Gas Initiative (RGGI) Strategic Funding Plan: Years 2026 through 2028 in Fall 2025. This will be the third Strategic Funding Plan for New Jersey. Stay tuned for ways to get involved.
RGGI Strategic Funding: Years 2023-2025
The New Jersey Department of Environmental Protection (NJDEP), the New Jersey Board of Public Utilities (NJBPU), and New Jersey Economic Development Authority (NJEDA) released the Regional Greenhouse Gas Initiative (RGGI) Strategic Funding Plan: Years 2023 through 2025 on July 19th, 2023. This the second Strategic Funding Plan for New Jersey and identifies four initiatives the Agencies will invest the RGGI auction proceeds in for the years 2023 through 2025. The initiatives are:
- Accelerate Healthy Homes and Building Decarbonization
- Catalyzing Clean, Equitable Transportation;
- Strengthen New Jersey's Forests
- Promote Blue Carbon in Coastal Habitats
These initiatives are aligned with Governor Murphy’s strategic vision for achieving 100 percent clean energy by 2050 and the Global Warming Response Act mandate of reducing state greenhouse gas emissions by 80 percent below 2006 levels. See current Funding Opportunities.
Read the RGGI Strategic Funding Plan: Years 2023 - 2025
RGGI Strategic Funding: Years 2020-2022
The RGGI Strategic Funding Plan: Years 2020 through 2023 was released in April 2020. As a result of the quarterly RGGI auctions, over $372M in RGGI proceeds were received between 2020 and 2022. As of May 2023, New Jersey committed $266.5 million in RGGI proceeds to projects and programs that fall within the four funding initiatives outlined in the 2020 Strategic Funding Plan :
- Catalyze Clean, Equitable Transportation
- Promote Blue Carbon in Coastal Habitats
- Enhance Forests and Urban Forests
- Create a New Jersey Green Bank
To see detailed information on climate investments being made by the NJDEP, NJBPU, and NJEDA utilizing funds obtained through quarterly auctions of the Regional Greenhouse Gas Initiative, check out our interactive RGGI Climate Investments Dashboard.
Read the RGGI Strategic Funding Plan: Years 2020 through 2022
RGGI Funding at Work
RGGI Climate Investments Dashboard
This dashboard contains a number of different interactive charts and widgets with information about the climate investments being made by the NJDEP, NJBPU, and NJEDA utilizing funds obtained through quarterly auctions of the Regional Greenhouse Gas Initiative.
View Dashboard Video Tutorial
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