Ceres hosted a Beacon Hill event bringing together business leaders, academics and government officials to argue that a Massachusetts climate bank could address affordability pressures by expanding access to clean energy finance and accelerating investment in climate mitigation and resilience projects. The discussion centered on pending state legislation, An Act Creating a Climate Bank in Massachusetts, which would establish a quasi-independent public authority to foster financial innovation and deploy capital into clean energy and resilience projects for businesses and households. Speakers from Amalgamated Bank, Boston University School of Law and the Connecticut Green Bank focused on the proposed bank as a mechanism to channel low-cost capital, lower energy costs, speed clean energy adoption and strengthen resilience. Ceres framed the measure as a way to mobilize private capital that is not yet fully used in Massachusetts for the clean energy transition and climate resilience, while participants stressed that long-term capitalization would be important if the bank is to scale affordable financing. Ceres said it has met with policymakers throughout the legislative session and is urging the Massachusetts Legislature to pass the bill this year. It also pointed to written testimony submitted in November by its chief executive, which emphasized using private capital to support the state's transition and resilience efforts.
Ceres2026-06-11
Ceres convenes Beacon Hill event to back Massachusetts climate bank legislation
Ceres used a Beacon Hill event to support Massachusetts legislation that would create a state climate bank. The proposal would set up a quasi-independent public authority to mobilize low-cost capital for clean energy, mitigation and resilience projects. Ceres is urging the Legislature to pass the bill this year.