As an update to last week’s post concerning Regional Greenhouse Gas Initiative’s (RGGI) new Strategic Funding Plan, the New Jersey Department of Environmental Protection (NJDEP), in celebration of Earth Day, announced that they will be investing an additional $45 million into the electrification of New Jersey’s transportation sector.
The money will be used to reduce greenhouse gas emissions especially in those areas heavily impacted. The funds will be sourced from the national Volkswagen settlement and will be used as part of the Murphy Administration’s prioritization of initiatives that reduce greenhouse gas emissions and their associated health impacts in high-impact communities.
Roughly $37 million will be put towards projects that convert dilapidated diesel trucks, buses, port equipment, marine vessels, and trains to electric power, with the remaining monies being used for electric vehicle charging equipment throughout the State.
Industries are urged to apply for funding for projects as they relate to the above, if they meet the Eligible Mitigation Actions, by submitting a project proposal to the NJDEP before the of June 22, 2020.
Anastasia P. Bellisari, a paralegal in our Environmental Department, contributed to this article.
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