Gov. Evers Signs Executive Order, Creates Green Ribbon Commission on Clean Energy and Environmental Innovation
Commission will advise on the creation of the Green Innovation Fund to leverage public and private financing to invest in environmental and clean energy solutions
MADISON — Gov. Tony Evers today signed Executive Order #195 creating the Green Ribbon Commission on Clean Energy and Environmental Innovation to advise on creating the state’s first-ever Green Innovation Fund. The Green Innovation Fund and its partners will leverage public and private financing to invest in projects that provide environmental and clean energy solutions to businesses, reduce pollution, lower energy costs for families, and expand access to clean, affordable energy options.
The Green Innovation Fund will be the first environmental and clean energy fund in Wisconsin. Commonly referred to as “green banks,” similar public and private entities have been established in other states, including Colorado, Illinois, and Nevada. Both the Governor’s Task Force on Climate Change, which Gov. Evers established in 2019, and the state’s Clean Energy Plan released last April recommend the state of Wisconsin evaluate options for a “green bank” to support projects in Wisconsin. In addition to private financing for the Fund, the federal Inflation Reduction Act created the Greenhouse Gas Reduction Fund and allocated $27 billion in competitive funding for states and nonprofit entities that collaborate with community financing institutions, such as green banks, to support projects that will combat the climate crisis, invest in innovative clean energy development, and create good-paying jobs. Additional details on the Fund will be available in the coming months.
“Solving Wisconsin’s environmental and clean energy challenges requires collaboration across the state,” said DOA Secretary Kathy Blumenfeld. “We’re excited to work with WEDC and other partners to support the Governor’s Green Ribbon Commission on Clean Energy and Environmental Innovation so we can collaboratively identify solutions that will move us toward a green energy future for Wisconsin’s economy, residents, and communities, and support our state’s Clean Energy Plan.”
“The Green Innovation Fund is a great opportunity for our state to invest in environmental and clean energy technologies that will stimulate innovation and create next-generation jobs,” said WEDC Secretary and CEO Missy Hughes. “WEDC will actively seek all possible funding opportunities so Wisconsin manufacturers and other businesses can position themselves as leaders in these new technologies.”
The creation of the Green Ribbon Commission on Clean Energy and Environmental Innovation and the Green Innovation Fund is a critical step in advancing the state’s goal to ensure all electricity consumed within the state is 100 percent carbon-free by 2050, as outlined by Gov. Evers in Executive Order #38. The Fund will help ensure that more Wisconsin families, businesses, and communities will be able to utilize new technologies and will ensure that the impact will be felt in every ZIP code throughout Wisconsin, including communities that have traditionally been left out of clean energy and climate change decision making.
A copy of Executive Order #195 is available here.
An online version of this release is available here.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
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