December 14, 2022 — Maine, New Hampshire, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Maryland and Virginia have been advancing an initiative to establish a regional fund administrator for fisheries compensatory mitigation that would provide financial compensation for economic loss from offshore wind development off the Atlantic Coast, reports the New Jersey Department of Environmental Protection.
Recognizing the importance of sustaining a vibrant fishing community that can coexist and thrive alongside offshore wind energy development, the states have released a request for information (RFI) aimed at receiving input from impacted members of the fishing industry, offshore wind developers, corporate and financial management entities, as well as interested members of the public, to inform efforts to establish a regional fisheries compensatory mitigation fund administrator.