STAND. CON. REP. NO.
Honolulu, Hawaii
MAR 2.7 , 2025
RE: H.C.R. No. 106
Honorable Nadine K. Nakamura
Speaker, House of Representatives
Thirty-Third State Legislature
Regular Session of 2025
State of Hawaii
Madame:
Your Committee on Energy & Environmental Protection, to which
was referred H.C.R. No. 106 entitled:
“HOUSE CONCURRENT RESOLUTION REQUESTING THE HAWAII STATE
ENERGY OFFICE TO CONDUCT A STUDY EVALUATING THE FEASIBILITY
OF ESTABLISHING A GREEN BONDS PROGRAM IN THE STATE,”
begs leave to report as follows:
The purpose of this measure is to request the Hawaii State
Energy Office to conduct a study evaluating the feasibility of
establishing a green bonds program in Hawaii.
Your Committee received testimony in support of this measure
from Coalition Earth and two individuals. Your Committee received
comments on this measure from the Hawai’i State Energy Office.
Your Committee finds that addressing climate change and
advancing renewable energy initiatives require innovative
financing mechanisms to support sustainable infrastructure and
conservation efforts. Green bonds offer a viable funding
solution, as they are specifically designed to finance projects
that promote clean energy, climate resilience, and environmental
sustainability. This measure helps the State evaluate the
feasibility of establishing a green bonds program in Hawaii.
As affirmed by the record of votes of the members of your
Committee on Energy & Environmental Protection that is attached to
2025—2762 HCR1C6 HSCR HMSO
 STAND. CaM. REP. NO.
Page 2
this report, your Committee concurs with the intent and purpose of
N.C.R. No. 106 arid recommends that it be referred to your
Committee on Finance.
Respectfully submitted on
behalf of the members of the
Committee on Energy &
Environmental Protection,
Cyt~-~NICOLE E. LOWEN, Chair
2025—2762 HCR1O6 HSCR HMSO
 State of Hawaii
House of Representatives
The Thirty-third Legislature 44c~jL ~(,O2.
Record of Votes of the Committee on Energy & Environmental Protection
Bill/Resolution No.: Committee Referral: Date: 3J~f2~
0 The committee is reconsidering its previous decision on the measure.
The recommendation is to: Pass, unamended (as is) 0 Pass, with amendments (HD) 0 Hold
0 Pass short form bill with HD to recommit for future public hearing (recommit)
EEP Members Ayes Ayes (WR) Nays Excused
1. LOWEN, Nicole E. (C)
2. PERRUSO, Amy A. (VC)
3. KAHALOA, Kirstin
4. KUSCH, Matthias
5. QUINLAN, Sean
6. WARD, Gene
TOTAL (6)
The recommendation is: Adopted U Not Adopted
If joint referral, ______________________________ did not support recommendation.
Committee acronym(s)
Vice Chair’s or designee’s signatu
Distribution: Original (White) — Committee Duplicate (Yellow) Chief Clerk’s Office Duplicate (Pink) — HMSO