Archive for category State
New C-PACE Bill Passes in New Jersey
Posted by Jonathan Cloud in Climate Change, Editorial, Energy & Environment, News, Policy, State on Tuesday, June 29, 2021
After almost ten years of concerted advocacy, New Jersey’s C-PACE law is finally being amended to make it actually usable by municipalities and commercial property owners to limit their carbon emissions, save money, and create new jobs and opportunities in local communities. While it will still be a number of months before the NJ Economic Development Authority (NJEDA) issues rules and guidelines, the passage of the new bill (A2374/S1953) is a major milestone in NJ’s commitment to meaningful climate action.
Here’s the press release posted by New Jersey PACE and its affiliated sites yesterday:
The Commercial Property Assessed Clean Energy program, already approved in 37 states and D.C., with active programs in 24 states, is headed to the Governor’s desk for signature
Trenton, N.J. — On June 24 the New Jersey Legislature approved A2374/S1953 with overwhelming, bipartisan majorities in both the Assembly and Senate. The C-PACE (Commercial Property Assessed Clean Energy) bill establishes the Garden State C-PACE Program, to be developed and overseen by the New Jersey Economic Development Authority (NJEDA).
The bill was sponsored by Assemblyman Raj Mukherji (D-Jersey City) and Senators Bob Smith (D-Piscataway) and Kip Bateman (R-Somerset). This represents the culmination of a ten-year effort by New Jersey PACE (NJPACE), a 501c3 nonprofit organization, to amend NJ’s unworkable 2011 PACE (Property Assessed Clean Energy) statute.
The legislation establishes a program that, through a municipal ordinance, allows commercial property owners to privately finance energy efficiency, renewables, and resiliency projects and repay them over time through a special assessment on the property tax bill, similar to a sidewalk or sewer assessment. These projects are 100% financed with private sector capital—no taxpayer or public monies are used.
New Stormwater Fees the Perfect Opportunity for PACE
Posted by Jonathan Cloud in Energy & Environment, Finances, News, Policy, State, Stormwater, Sustainability, Sustainable Business on Monday, February 18, 2019
[Reposted from NewJerseyPACE.org]
February 14, 2019: NJ’s new stormwater utility bill (A2694/S1073) authorizes municipalities to collect fees on parking lots and other impervious surfaces to fund improvements to failing stormwater systems. But it has many commercial property owners concerned that they will now face significant new charges on their property. If the legislature and the Murphy Administration want to address these concerns in a meaningful way, PACE (Property Assessed Clean Energy) is the obvious answer.
PACE can provide 100% long-term financing for projects designed to reduce stormwater runoff by building retention systems, green roofs, and permeable paving. These improvements add to the value of the property and allow the owner to avoid some or all of the fees likely to be charged by the new utilities. When coupled with other clean energy and resiliency improvements, PACE projects are typically cashflow positive from day one. The capital is invested in the property by private lenders, but is off-balance sheet to the property owner, and the interest and other costs can often be treated as operating expenses. There is no public money involved. The municipality simply makes the Special Assessment mechanism available to the property owner, and provides a pass-through for the repayments.
Crowdfunding for PACE in New Jersey
Posted by Jonathan Cloud in Economy, Editorial, Energy & Environment, Local, News, NJ Shore, Policy, State, Sustainability, Sustainable Business on Thursday, August 7, 2014
The challenges we face in New Jersey as a result of climate change are significant, and so therefore are the opportunities. The experience of Superstorm Sandy showed us just how ill-prepared we are for the more frequent recurrence of extreme weather; and how important it is that we set an example for taking action to mitigate our own greenhouse gas emissions, as other states are doing around us. And there’s also no doubt about the urgency of it — as you can see from this remarkable video:
Read the rest of this entry »
What the First Annual Survey of New Jersey Business Sustainability Tells Us
Posted by Jonathan Cloud in Analysis, State, Sustainability, Sustainable Business on Thursday, May 9, 2013
By Matt Polsky and Pooja Aravkar
None of the world’s leading companies pursuing sustainability are U.S.-based, reports Oekom Research, a German company in its annual Corporate Responsibility Review. What could we do about this in New Jersey? Researchers from the Fairleigh Dickinson University (FDU) Institute for Sustainable Enterprise(ISE) can offer some ideas. The mission of ISE is to “bring people together to learn how to live and manage sustainably by solving problems and capitalizing on opportunities in ways that simultaneously enhance economic, social, and environmental vitality.” It is the intellectual hub of sustainable business thinking in New Jersey.
ISE’s 2010 report Developing and Implementing a Sustainable Growth Strategy for New Jersey provided several guidelines for developing a “Green Economy” – an economy that includes and extends beyond clean energy, potentially penetrating all business sectors to protect and restore the environment while creating economic growth. The report, which urges all sectors to practice corporate social responsibility and aim towards greater levels of sustainability, concludes that “New Jersey has a unique opportunity to play a leadership role.”
Regenerating NJ Shore Communities
Posted by Jonathan Cloud in Energy & Environment, Local, NJ Shore, State, Sustainability on Tuesday, February 12, 2013
Through our new nonprofit, the Center for Regenerative Community Solutions (CRCS), we have begun the work of rebuilding NJ’s shore communities in a more sustainable way. As part of the basis for this work, we’ve published the following article, originally posted January 12, 2013, and most recently revised February 11, 2012: RegeneratingNewJerseyShoreCommunitiesJan2013r
We’ve also been sharing the following message with a number of Shore-based and statewide nonprofits:
CRCS is looking to partner with other nonprofit and civic organizations to host a series of community dialogs regarding the long term sustainable reconstruction of the NJ shore. Our team has substantial experience and expertise in community engagement, urban planning, anthropology, organization development, project management, leadership development, finance, and permaculture, as well as the broad topics of sea level rise, coastal ecosystem integrity, and climate change.
While we are a newly registered entity, CRCS comes out of work that we’ve done for a number of years through the Institute for Sustainable Enterprise at Fairleigh Dickinson University, the Center for Leadership in Sustainability, and through several other nonprofits.
Seeking Sustainable Growth in the Wake of Sandy
Posted by Jonathan Cloud in Analysis, Energy & Environment, Local, Policy, State, Sustainability on Sunday, December 30, 2012
The Center for Regenerative Community Solutions and Regenerative Community Ventures, Inc. have recently circulated a position paper on “Laying a Foundation for Sustainable Growth in New Jersey in the Wake of Hurricane Sandy” with policy makers and community leaders in the state. Here is a final version, and several excerpts. The authors are co-founders of the Center for Leadership in Sustainability, the Sustainable Leadership Forum, and Acumen Technology Group, LLC. Jonathan Cloud is Senior Fellow, Institute for Sustainable Enterprise, Fairleigh Dickinson University and Managing Partner, Acumen Technology Group, LLC.Victoria Zelin is Principal, Regenerative Community Ventures, Inc., a licensee of Unified Field Corporation.
Superstorm Sandy has dramatically altered NJ’s economy as well as its geography for years to come. While there may be a short-term “bounce” from the money spent on reconstruction, the thinking about how that rebuilding should be carried out is already moving very quickly toward the view that it needs to be substantially more hurricane-proof and disaster-resistant, more resilient, and — in a word — more sustainable.
This paper sets out some considerations and recommendations for creating a foundation for sustainable growth in New Jersey, describes some of the initiatives we are taking through our new nonprofit organization, the Center for Regenerative Community Solutions, and makes specific suggestions for policies and programs for state and local government to support these and similar initiatives from other organizations.
Will Cap and Trade Work?
Posted by Jonathan Cloud in Analysis, Global, National, State on Thursday, December 31, 2009
A couple of years ago I suggested to Frank Felder, Director of Rutgers’ Center for Energy, Environmental, and Economic Policy (CEEEP), that we co-sponsor a debate on the relative merits of cap-and-trade vs. a carbon tax. The idea went nowhere, because the conventional wisdom, then as now, is that anything with the word “tax” in it is a political nonstarter.
I thought this was shortsighted then, and think it is still short-sighted now. If we fail to discuss what may be better alternatives because they are not politically popular, they will never get the chance to become widely considered, and we will have allowed a self-fulfilling prophecy to dictate our fate. Political acceptability is an important factor in choosing a course of action. But it is not the only one. If a carbon tax (or, as some prefer to call it, a “fee”) is a better approach, then we need to figure out how to make it palatable. And if cap-and-trade will, as others claim, do more harm than good, then we need to consider how to de-legitimize it. Read the rest of this entry »
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