N.J. Admin. Code § 7:27D-2.3

Current through Register Vol. 56, No. 21, November 4, 2024

Section 7:27D-2.3 - Eligible projects and programs

(a) Each agency shall ensure that projects or programs that are selected to receive funding from the Global Warming Solutions Fund meet the following eligibility criteria:

1. Sixty percent of the Global Warming Solutions Fund shall be allocated to the EDA to provide funding to commercial, institutional, or industrial entities to:

i. Support an end-use energy efficiency project, including, but not limited to, renewable energy applications;

ii. Support a new, efficient electric generation facility that is state of the art in accordance with NJ.A.C. 7:27D-3, including, but not limited to, energy efficiency and renewable energy applications;

iii. Develop a combined heat and power production and other high efficiency electric generation facility;

iv. Stimulate or reward investment in the development of an innovative carbon emissions abatement technology with significant carbon emissions reduction or avoidance potential; and/or

v. Develop qualified offshore wind projects pursuant to NJ.S.A. 48:3-87.1 and assist manufacturers of equipment associated with qualified offshore wind projects.

2. Twenty percent of the Global Warming Solutions Fund shall be allocated to the BPU to provide funding to support the reduction of electricity demand or costs to electricity customers in the low- and moderate-income residential sector with a focus on urban areas, including efforts to address the heat island effect and reduce impacts on ratepayers attributable to the implementation of N.J.S.A. 26:2C-45et seq.

3. Ten percent of the Global Warming Solutions Fund shall be allocated to the Department to provide funding to promote local government efforts to plan, develop, and implement measures to reduce greenhouse gas emissions, to award grants and other forms of assistance to local governments to conduct and implement energy efficiency, renewable energy, and distributed energy programs, and/or land use planning where the grant or assistance results in a measurable reduction of the emission of greenhouse gases or a measurable reduction in energy demand. An additional 10 percent of the Global Warming Solutions Fund shall be allocated to the Department to enhance the stewardship and restoration of the State's forests and tidal marshes that provide important opportunities to sequester or reduce greenhouse gases.

N.J. Admin. Code § 7:27D-2.3

Adopted by 51 N.J.R. 1043(a), effective 6/17/2019