SENATE DOCKET, NO. 2491        FILED ON: 2/19/2021

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2231

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Marc R. Pacheco

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to green financing.

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PETITION OF:

 

Name:

District/Address:

 

Marc R. Pacheco

First Plymouth and Bristol

 

Michael D. Brady

Second Plymouth and Bristol

4/1/2021

James B. Eldridge

Middlesex and Worcester

4/26/2021


SENATE DOCKET, NO. 2491        FILED ON: 2/19/2021

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2231

By Mr. Pacheco, a petition (accompanied by bill, Senate, No. 2231) of Marc R. Pacheco and Michael D. Brady for legislation relative to the establishment of the Massachusetts Clean Energy Technology Center.  Telecommunications, Utilities and Energy.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-Second General Court
(2021-2022)

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An Act relative to green financing.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

Subject to appropriation, there shall be established at the Massachusetts Clean Energy Technology Center a program for clean energy finance. MassCEC shall conduct a study of clean energy project finance gaps, including but not limited to project capital, project credit support/enhancement, project finance insurance and project pipeline development. The study shall include developing recommendations as to potential sources of additional funding to support initiatives aimed at closing the financing gaps addressed in the study. Pursuant to the findings of this study and subject to funding availability, MassCEC may establish a “Green Bank” or similar entity or program to provide the investment capital necessary to accelerate the deployment of a range of clean energy technologies in the buildings, transportation, industrial and other sectors may be necessary to achieve the pace of decarbonization necessary to meet the Commonwealth's net zero emissions goal.