Withdraws New Jersey's participation in Regional Greenhouse Gas Initiative; repeals "Global Warming Response Act" and related sections of Regional Greenhouse Gas Initiative implementing law.

# Summary of New Jersey Legislative Bill This bill would: 1. **Withdraw New Jersey from the Regional Greenhouse Gas Initiative (RGGI)** - Directing the Commissioner of Environmental Protection to issue a Notice of Withdrawal to the RGGI Memorandum of Understanding. 2. **Repeal the "Global Warming Response Act"** (26 P.L.2007, c.112) and related implementing laws (27 P.L.2007, c.340), which established New Jersey's participation in RGGI. 3. **Retain certain non-regulatory provisions** that don't relate to greenhouse gas emissions regulation, including: - Section 13 of the RGGI implementing law - Subsections g. and h. of 33 P.L.1999, c.23 (C.48:3-87) 4. **Transfer funds** from the "Global Warming Solutions Fund" to the General Fund for ratepayer relief. 5. **Amend various statutes** to remove references to the repealed acts, including: - Laws establishing the State's Forest Stewardship Incentive Fund - Laws establishing the State's Plug-in Electric Vehicle Incentive Fund - Laws establishing the "Electric School Bus Program" 6. **Clarify that developers** operating under redevelopment incentive grant agreements will not be eligible for payments for charges paid in compliance with the Global Warming Response Act prior to the bill's effective date. The bill effectively terminates New Jersey's participation in RGGI and removes the legal framework for greenhouse gas regulation that was established under the Global Warming Response Act, while preserving certain energy efficiency and renewable energy program provisions.