Bill > HB932

This bill establishes a Green Bonds Working Group within the Department of Business, Economic Development, and Tourism to explore and develop recommendations for creating a green bonds financing program in Hawaii. The working group will consist of key state officials, including the directors of business and finance, the chairperson of the board of land and natural resources, and legislative representatives, along with invited members from environmental nonprofits and other relevant experts. The group's primary responsibilities include developing recommendations for financing projects related to climate change mitigation and adaptation, evaluating investment opportunities, determining project eligibility criteria, analyzing international green bond principles, and estimating the cost of creating such a program. Recognizing Hawaii's commitment to addressing climate change (being the first state to declare a climate emergency), the working group will examine how green bonds can support sustainable projects in areas like renewable energy, clean transportation, conservation, and infrastructure. The group is required to submit a comprehensive report to the legislature before the 2026 legislative session and will officially dissolve on June 30, 2026. Members will serve without compensation but will be reimbursed for necessary expenses, reflecting the state's commitment to exploring innovative financing mechanisms for environmental sustainability.

Agriculture and Natural Resources, Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=932&year=2026