The Environmental Defense Fund (EDF) today issued a new report detailing clean energy financing options that could help advance Governor-elect Phil Murphy’s 100 percent clean energy goals. The report, Financing New Jersey’s Clean Energy Economy: Pathways for Leadership, produced by the Coalition for Green Capital and Quantified Ventures for EDF, is a roadmap for accelerating the deployment of renewable energy, energy efficiency and clean transportation in the state.
The report found that the scale of investment required to meet New Jersey’s energy and efficiency goals will result in the state needing to leverage private investor capital to accelerate the deployment of its investments in renewable energy, energy efficiency and clean transportation. The EDF asked CEC’s VP of Policy and Regulatory Affairs, Hannah Masterjohn, to comment on the report’s findings:
“Community solar, once implemented by the legislature, has the potential to open the solar economy to all New Jerseyans. With the addition of a clean energy financing authority such as a state bank, we can ensure that community solar can deliver on Governor Elect Murphy’s promise of a ‘stronger, fairer economy that works for every family.”
To read the full report, click here.