NORTH KINGSTOWN, R.I. (AP) — Rhode Island gubernatorial candidate Gina Raimondo has unveiled environmental policy plans for a "green bank" that will help municipalities prepare for the effects of climate change.
The Democratic treasurer on Wednesday reiterated her earlier call for a green bank to help finance energy efficiency and renewable energy projects. The bank would house a separate revolving fund to provide low-interest loans to cities and towns for climate change-related projects, including on storm water drainage.
It would be established as a quasi-public body with its own budget and would have bonding authority.
Raimondo says the state can become a leader in the area of renewable energy and climate change preparedness and that doing so will create jobs and help the economy.
She detailed her proposal at the Quonset Business Park.