A recent poll from Pew Research shows that a majority of U.S. adults (69%) want the U.S. to become carbon-neutral by 2050 and want to prioritize developing alternative energy sources.
Gov. Phil Murphy announced similar goals three years prior, in his administration’s 2019 Energy Master Plan. He declared a goal for New Jersey to lead the nation in clean energy by becoming dependent on 50% clean energy by 2030 and 100% by 2050.
The questions left outstanding for policymakers are: How do we get there, and at what costs to New Jersey’s ratepayers and taxpayers?
While these goals are aggressive, New Jersey already is making progress with businesses in clean energy (e.g., PSEG Nuclear Salem and Hope Creek stations, Holtec International, etc.) and through subsidization of other clean energy projects (e.g., Ørsted’s Ocean Wind 1 and 2 projects).
However, in…