New Jersey Governor Phil Murphy on Wednesday signed executive orders aimed at accelerating the state’s move to clean energy by 15 years, including electrifying buildings and transportation and planning for changes to natural gas-burning utilities.

Under the orders, New Jersey will move up its target of requiring 100% of electricity sold in the state to come from clean energy sources to 2035, Murphy’s office said in a release. The orders also set goals for the electrification of the state’s building sector and “planning for the future” natural gas utilities.

See related article: Bank of America Awards $1.5 million to New Jersey Nonprofits

Generally, clean energy involves renewable sources like wind and solar.

New grant funding will go toward heavy duty electric vehicles, under the governor’s orders, while the state will also begin the process of requiring all new cars sold starting in 2035 to have zero emissions.

Source: RReuters

ESG News Editorial Team

The ESG News Editorial Team is comprised of veteran financial journalists and sustainability analysts dedicated to providing real-time, objective reporting on global ESG regulations, climate finance, and corporate governance. Our desk monitors daily developments from the SEC, IFRS, CSRD and international regulatory bodies to ensure our 1M+ readers receive accurate, data-driven insights into the evolving sustainable investment landscape. Follow the ESG News Editorial Team for expert reporting on global sustainability standards, ESG disclosures, and climate policy. Access over 10,000 investigative reports and real-time updates.