Bill > H3480

This bill transfers all assets, personnel, documents, and ongoing initiatives of the Massachusetts Community Climate Bank (MCCB) to the Massachusetts Clean Energy Technology Center (MassCEC). The bill expands the MassCEC's role by explicitly defining it as the commonwealth's Green Bank, with a mandate to accelerate clean energy adoption, climate resilience, and environmental sustainability. The center will now have broader powers to support clean energy projects through various financial mechanisms, including grants, loans, loan guarantees, and debt and equity investments. The MassCEC is directed to prioritize projects that advance the state's climate goals, reduce greenhouse gas emissions, and promote equitable access to clean energy. Specifically, the center will focus on supporting projects in sectors such as building decarbonization, residential and nonprofit solar, electric vehicle loans, and other climate technology ventures. This legislative change aims to consolidate and strengthen Massachusetts' efforts to combat climate change by centralizing clean energy financing and support under the MassCEC.

Transportation and Infrastructure

https://malegislature.gov/Bills/194/H3480