Bill > H3693

This bill aims to achieve a green future with infrastructure and workforce investments. Key provisions include: 1. Establishing the Green Infrastructure Fund to support investments in public transit, renewable energy, energy efficiency, and other climate-related projects, with at least 60% of funds directed to projects that benefit environmental justice populations. 2. Creating the Local Climate Crisis Investments Act, which allows cities and towns to establish Local Climate Crisis Funds for locally-determined green investments, with input from community-based climate crisis councils. 3. Establishing the Next Generation Green Workforce Fund to ensure displaced workers have access to training and employment opportunities in the green economy, with a focus on providing comparable wages and benefits. 4. Creating the Household Green Dividend Fund to provide payments to low- and moderate-income households to mitigate the impact of market-based mechanisms designed to reduce greenhouse gas emissions. 5. Authorizing the issuance of bonds, known as Massachusetts Green Recovery Bonds and Massachusetts Green Investment Bonds, to finance the immediate expenditures necessary to carry out the provisions of the bill. Overall, the bill seeks to make significant investments in green infrastructure, workforce development, and household support to facilitate the transition to a low-carbon economy in an equitable manner.

Transportation and Infrastructure

https://malegislature.gov/Bills/193/H3693