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Chairman’s Update: New Jersey Green Bank, Global Health Security Strategy, and More!

Government and Politics

April 19, 2024


Democrat,

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The New Jersey Economic Development Authority (NJEDA) Board approved the creation of the New Jersey Green Bank (NJGB), which will make investments in the clean energy sector that will advance the state’s efforts to make an equitable transition to 100 percent clean energy.

“From more violent storms to increased flooding, the effects of climate change have become all too familiar here in New Jersey,” said Governor Murphy. “My administration has established aggressive goals to combat climate change and the creation of the New Jersey Green Bank will help us meet those goals by making major investments in the clean energy sector. This approval is a significant step in our fight against climate change, which will help us reach a clean energy future that will protect our environment and bolster our economy for generations to come.”

The NJGB will be investing in projects and companies that align with the State’s climate goals, including areas such as zero-emission transportation, building decarbonization and resiliency, and clean energy generation and storage. Examples of projects that the NJGB may invest in include solar power, onshore and offshore wind, and battery storage, among others.

Clean energy targets the Murphy Administration has taken include 100 percent clean electricity by 2035, 11 gigawatts of offshore wind power by 2040, and 50 percent economy-wide greenhouse gas emissions reduction by 2030. Despite attempts by Republicans to undermine the urgency of the climate crisis, Governor Murphy’s administration has pursued ambitious clean energy targets, showcasing the dedication to addressing this pressing global issue.

This week, the White House launched the U.S. Global Health Security Strategy (GHSS) to protect the health, lives, and economic well-being of the American people and people throughout the world.

“This has been a priority for me since day one,” said President Biden. “Every American experienced the profound impact of the COVID-19 pandemic. And every American saw how this global health challenge had local consequences—on our hospitals, our schools, our businesses, and our communities. No sector of society was immune. That’s why—as my Administration worked to end the COVID-19 pandemic—we’ve also focused on ensuring our nation is prepared for any future pandemic, outbreak, or biological threat.”

The 2024 U.S. Global Health Security Strategy sets out three goals to guide the United States’ affirmative agenda to advance global health security:

- Strengthen Global Health Security Capacities through Bilateral Partnerships. The Strategy focuses on working with countries around the world to ensure they are better able to prevent, detect, and respond to global health security threats. The United States has expanded our formal global health security partnerships from 19 to 50 countries.

- Catalyze Political Commitment, Financing, and Leadership to Achieve Health Security. The United States works alongside partners to catalyze and sustain political leadership, commitment, and financing in health security at local, national, regional, and global levels.

- Increase Linkages Between Health Security and Complementary Programs to Maximize Impact. The United States is committed to maximizing linkages between global health security programs and other health, development and security programs.

Collectively, these actions will make the United States, and the world, safer from the risk posed by pandemics and other health security events.

— Chairman LeRoy J. Jones, Jr.

P.S. Join our Progressive Caucus for a virtual Earth Day panel on Monday, April 22nd! We’ll discuss fracking, pending environmental legislation, and endangered North Atlantic right whales. RSVP HERE – Zoom link sent upon registration!