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SCR 110

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 Henry Aquino and 4 co-sponsors

Hawaii's State Energy Office will study whether the state should create a green bonds program to finance renewable energy and climate infrastructure projects.

Reported from EEP (Stand. Com. Rep. No. 2052), recommending referral to FIN.
#greenbondsprogram #hseo #report
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Bill Summary · SCR 110

Legislative bill overview

SCR 110 is a resolution requesting Hawaii's State Energy Office to conduct a feasibility study on establishing a green bonds program in the state. Green bonds are financial instruments that fund environmentally sustainable projects. The study would evaluate whether Hawaii should create such a program to finance renewable energy, energy efficiency, and other climate-related infrastructure investments.

Why is this important

Green bonds could provide a new funding mechanism for Hawaii's clean energy transition and climate resilience goals, potentially attracting investment capital for projects that might otherwise struggle with traditional financing. The study is a low-cost first step to determine if this financing tool aligns with the state's needs, budget capacity, and existing renewable energy initiatives. However, the actual impact depends entirely on whether the state follows through with program implementation after the study is completed.

Potential points of contention

  • Implementation uncertainty: This is a study request, not a commitment to establish a program, so results may not lead to action or dedicated funding
  • Cost-benefit analysis needed: The resolution doesn't specify how green bonds would differ from existing state financing mechanisms or whether they represent better value than alternative funding sources
  • Market demand questions: Hawaii's relatively small capital market and existing clean energy funding structures may limit whether green bonds would attract sufficient investor interest to justify program administration costs

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

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