Failure to invest in climate change adaptation and risk reduction measures can be costly. Similarly, poorly targeted or short-sighted investments in climate change preparedness and resiliency can be costly if the benefits over the lifetime of the investments do not outweigh the costs. The goal is to make investments that are well-targeted and forward-looking, resulting in a positive return on investment across a range of possible future climate outcomes. In order to make these investments for a better and more resilient New Jersey, financial resources must be secured and dedicated by the public sector.

This report discusses existing revenue or financial sources to consider or new mechanisms to implement, under the assumption that at least some climate change adaptation measures are necessary. By examining potential funding and financing sources for climate change preparedness and resiliency efforts in New Jersey, it highlights current and recently proposed policies in the state, in addition to leading practices from governments and organizations at the municipal, state, regional and national levels in the U.S. and abroad. It presents options available to policymakers and other stakeholders in New Jersey as the state moves forward in efforts to adapt to current and future climate challenges and opportunities.