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Not only will the EMP require scaling up new technologies (some of which have yet to be proven), the cost impacts on businesses, families, and local governments will be significant. Moreover, the EMP’s massive subsidies and mandates will place the burden of those costs most heavily on the economically, disadvantaged, while showering the most benefits on the wealthy.
Affordable Energy for New Jersey worked with energy policy expert Dr. Jonathan Lesser of Continental Economics to calculate what New Jersey residents should expect to pay for the Energy Master Plan, looking at each of the Energy Master Plan’s seven broad strategies and assessing costs. The reality that New Jerseyans will have to face is daunting:
AENJ calculated the total plan cost, as well a cost per resident. This cost per resident was derived by taking the total cost and dividing by the total NJ population – meaning the per resident does not take age, race, gender, or socio-economic status into account. The Energy Master Plan does not discriminate.
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