New Jersey, a bastion of fiscal responsibility, released a draft energy plan on Monday for converting the state’s energy profile to 100 percent clean energy by 2050.
The Draft 2019 Energy Master Plan was developed by the New Jersey Board of Public Utilities (BPU). It outlines how the state can change its electrical generation, transportation footprint, and buildings to reduce carbon emissions 80% by 2050 compared to the levels of 2006.
The state planners claim the efforts will create many new jobs and economic benefits for New Jersey.
Well, they’re half right. If implemented, the plan would create a lot of new jobs… for movers and moving trucks, as people move out of the state!
Not only does the plan call for massive infrastructure upgrades, which would be wildly expensive, but it also calls for adding 330,000 new electric vehicles over the next five years. New Jersey only accounts for 580,000 new cars each year, so over five years that would be 5.5% of all new cars. In 2018, electric vehicles accounted for 0.17% of new car sales in the state.
To get that level up to snuff for the plan, the state would have to compel or bribe consumers to buy the cars, since they aren’t showing signs of buying that many on their own.
And don’t forget that the New Jersey Department of Pensions and Benefits shows the state to be $62 billion underfunded on its pensions, for a funding rate of 64%, and is going backward.