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HR 102

REQUESTING THE HAWAII STATE ENERGY OFFICE TO CONDUCT A STUDY EVALUATING THE FEASIBILITY OF ESTABLISHING A GREEN BONDS PROGRAM IN THE STATE.

2025 Regular Session Introduced by Terez Amato and 4 co-sponsors

HR 102 requests a study on establishing a Green Bonds program in Hawaii, aiming to boost funding for eco-friendly projects and enhance sustainability efforts statewide.

Reported from EEP (Stand. Com. Rep. No. 1601), recommending referral to FIN.
#greenbonds #hseo #report
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Bill Summary · HR 102

Summary of HR 102: Requesting the Hawaii State Energy Office to Conduct a Study on Green Bonds

Bill Overview

Bill Number: HR 102
Title: Requesting the Hawaii State Energy Office to Conduct a Study Evaluating the Feasibility of Establishing a Green Bonds Program in the State
Status: Reported from the Committee on Energy and Environmental Protection (EEP), recommending referral to the Committee on Finance (FIN)
Introduced Date: January 03, 2025
Classification: Resolution
Subject: Green Bonds, Hawaii State Energy Office (HSEO), report

Purpose and Intent

The primary intent of HR 102 is to explore the feasibility of implementing a Green Bonds program in Hawaii. Green Bonds are debt securities issued to raise funds for projects that have positive environmental impacts, such as renewable energy, energy efficiency, and sustainable infrastructure. This resolution aims to assess how such a program could benefit the state, potentially leading to increased investment in environmentally friendly projects.

Key Provisions

  • Study Requirement: The resolution mandates the Hawaii State Energy Office (HSEO) to conduct a comprehensive study evaluating the feasibility of establishing a Green Bonds program.
  • Focus Areas: The study will likely cover aspects such as:
    • Potential projects that could be financed through Green Bonds.
    • Economic impacts and benefits of implementing such a program.
    • Legal and regulatory considerations for issuing Green Bonds in Hawaii.

Affected Parties

  • State Government: The HSEO will be directly involved in conducting the study and analyzing the feasibility of the program.
  • Investors and Financial Institutions: Should the program be established, it could open new avenues for investment in green projects.
  • Environmental Organizations and Communities: The program could lead to increased funding for projects aimed at sustainability and environmental protection, benefiting communities across Hawaii.

Legislative Timeline

  • January 03, 2025: Introduced in the House and referred to the House Committee on Natural Resources.
  • March 07, 2025: Offered for consideration.
  • March 14, 2025: Scheduled for a hearing by the EEP committee.
  • March 18, 2025: EEP committee recommended that the measure be passed unamended.
  • March 27, 2025: Report adopted and referred to the FIN committee.

Related Legislation

  • HCR 106: This is a companion resolution that may address similar issues or objectives related to Green Bonds in Hawaii.

Conclusion

HR 102 represents a proactive step towards evaluating the potential for a Green Bonds program in Hawaii, which could significantly enhance the state's capacity to finance environmentally sustainable projects. The outcome of the study conducted by the HSEO will be crucial in determining the viability and implementation of such a program.

Compiled from official sources — confirm details with the bill’s official record.

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