During the past 15 months, this Blue Ribbon Panel has identified myriad costs and benefits related to development of offshore wind turbine facilities in New Jersey’s coastal waters. Because of the lack of basic scientific data, however, this Panel cannot characterize the appropriateness of offshore wind development for this state’s coastal waters. Nonetheless, this Panel has found that New Jersey is facing a serious and growing energy crisis that must be addressed. New Jersey must assume a leadership role and set an example of responsible development of energy technologies that are reliable, renewable, and low-or zero-emission.

"Offshore wind power development has potential to generate a series of quantifiable environmental benefits. These benefits appear significant in both absolute and monetized terms, but are arguably marginal relative to the scale of existing energy production and emissions affecting New Jersey's environmental and natural resources. Offshore wind power development also presents a series of potential environmental costs. In the absence of a developed literature, the scale of many of these costs are not readily quantified or monetized, making the nature of these impacts highly uncertain and necessitating additional research." (page 70)