House: Bill reported favorably by committee and referred to the committee on House Ways and Means
Summary
The bill establishes an independent Climate Bank that can issue bonds and provide loans, guarantees and other financing tools for climate and clean‑energy innovations across the state. It is overseen by an 11‑member Climate Finance Board made up of state officials and governor‑appointed members, including representatives from rural and under‑represented communities. The bank is intended to help Massachusetts meet its greenhouse‑gas limits, create jobs, and support disadvantaged areas.
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