N.J. Admin. Code § 7:27D-2.6

Current through Register Vol. 56, No. 21, November 4, 2024

Section 7:27D-2.6 - Measurable benefits

(a) An agency shall not provide funding from the Global Warming Solutions Fund, unless the program or project includes, in its design, a requirement that the critical objectives that are expected to be advanced by the program or project are measurable and verifiable for the duration of the program or project.

(b) The method used by the program or project to measure benefits shall:

1. Be sufficient to allow the funding agency, or one of the other agencies with appropriate technical expertise, to assess baselines, quantitative goals, and quantities of reductions or sequestration resulting from, or expected to result from, the project or program;

2. Include an estimate of the uncertainty associated with measured or estimated baselines, quantitative goals, and quantities of reductions or sequestration. The method shall also include a description of how the uncertainty will be addressed, or why addressing the uncertainty is impracticable; and

3. Incorporate existing, scientifically accepted, greenhouse gas emissions accounting protocols and include existing or otherwise readily available information, such as records of fuel or electricity use.

N.J. Admin. Code § 7:27D-2.6

Adopted by 51 N.J.R. 1043(a), effective 6/17/2019