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.
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