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Home » News » Politics » California Approves $10 Billion Climate Bond, Includes $475 Million for Port Upgrades for Offshore Wind
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California Approves $10 Billion Climate Bond, Includes $475 Million for Port Upgrades for Offshore Wind

By Michelle AdkinsJuly 4, 20242 Mins Read
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Credit: Gov. Gavin Newsom
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California lawmakers have passed SB 867, a significant climate bond legislation totaling $10 billion, which earmarks $475 million for upgrading ports to facilitate the state's transition to offshore wind energy. The investment is seen as crucial to achieve California's targets of 5GW of offshore wind by 2030 and 25GW by 2045. Offshore Wind California, a

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