STAND. COM. REP. NO. IM-M-I
Honolulu,' Hawaii
APR 0 1 2025
RE: S.R. No. 91
S.D. 1
Honorable Ronald D. Kouchi
President of the Senate
Thirty-Third State Legislature
Regular Session of 2025
State of Hawaii
Sir:
Your Committees on Energy and Intergovernmental Affairs and
Agriculture and Environment, to which was referred S.R. No. 91
entitled:
"SENATE RESOLUTION REQUESTING THE HAWAII STATE ENERGY OFFICE
TO CONDUCT A STUDY EVALUATING THE FEASIBILITY OF ESTABLISHING
A GREEN BONDS PROGRAM IN THE STATE,"
beg leave to report as follows:
The purpose and intent of this measure is to request the
Hawaii State Energy Office to:
(1) Conduct a study evaluating the feasibility of
establishing a green bonds program in the State; and
(2) Submit the study and report its findings and
recommendations to the Legislature prior to the Regular
Session of 2026.
Your Committees received testimony in support of this measure
from Coalition Earth.
Your Committees received comments on this measure from the
Hawaii State Energy Office.
Your Committees find that the State's transition to one
hundred percent renewable energy by 2045, along with the
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accelerated timeline for neighbor islands to achieve this goal by
2035, will require significant investment and innovative financing
solutions, which could include the use of green bonds. According
to testimony received by your Committees, the Hawaii Green
Infrastructure Authority currently utilizes a form of green bonds
to help make clean energy investments accessible and affordable to
consumers. The study requested in this measure would provide
necessary guidance and insight to the establishment of a
successful green bonds program in the State.
Your Committees have amended this measure by making
technical, nonsubstantive amendments for the purposes of clarity
and consistency.
As affirmed by the records of votes of the members of your
Committees on Energy and Intergovernmental Affairs and Agriculture
and Environment that are attached to this report, your Committees
concur with the intent and purpose of S.R. No. 91, as amended
herein, and recommend its adoption in the form attached hereto as
S.R. No. 91, S.D. 1.
Respectfully submitted on
behalf of the members of the
Committees on Energy and
Intergovernmental Affairs and
Agriculture and Environment,
' MIKE GABBARD, Chair
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 The Senate
Thirty-Third Legislature
State of Hawaii
Record of Votes
Committee on Energy and Intergovernmental Affairs
EIG
Bill / Resolution No.:* Committee Referral: ✓ Date: .
f ft
__ The Committee is reconsidering its previous decision on this measure.
If so, then the previous decision was to: _______________________________
The Recommendation is:
__ Pass, unamended Pass, with amendments __ Hold __ Recommit
2312 2311_______________ 2310________ 2313
Members Aye Aye (WR) Nay Excused
WAKAI, Glenn (C)
CHANG, Stanley (VC)
DECOITE, Lynn
RICHARDS, III, Herbert M. “Tim”
FEVELLA, Kurt
Recommendation:
TOTAL
s—
4-
Adopted __ Not Adopted
Distribution: Original Yellow Pink Goldenrod
File with Committee Report Clerk's Office Drafting Agency Committee File Copy
*Only one measure per Record of Votes
Revised: 12/09/24
 The Senate
Thirty-Third Legislature
State of Hawaii
Record of Votes
Committee on Agriculture and Environment
AEN
Bill / Resolution No.:* Committee Referral: Date: / /___
BIG/ASaj
The Committee is reconsidering its previous decision on this measure.
If so, then the previous decision was to:___________________________________
The Recommendation is:
__ Pass, unamended X Pass, with amendments __ Hold __ Recommit
2312 2311_______________ 2310________ 2313
Members Aye Aye (WR) Nay Excused
GABBARD, Mike (C)
RICHARDS. Ill, Herbert M. “Tim” (VC)
DECOITE, Lynn
RHOADS, Karl
AWA, Brenton
1
TOTAL 3
0
Recommendation:
X Adopted __ Not Adopted
Chair’s or Designee’s Signature:
Distribution: Original Yellow Pink Goldenrod
File with Committee Report Clerk's Office Drafting Agency Committee File Copy
*Only one measure per Record of Votes
Revised: 12/09/24