New Jersey bill A3951 authorizes the Economic Development Authority to use funds from the Global Warming Solutions Fund for projects that refurbish.
New Jersey bill A3951 authorizes the New Jersey Economic Development Authority (EDA) to use moneys in the "Global Warming Solutions Fund" to provide grants or other financial assistance to commercial, institutional, and industrial entities. The funds will support projects to refurbish or upgrade existing electric generation facilities, aiming to modernize, expand, or lengthen the lifespan of the facilities. This bill also specifies that projects may result in a measurable reduction of the emission of greenhouse gases through the use of fuel cells or carbon capture technology.
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