The legislation will help the state to both reduce its greenhouse gas footprint and reap the economic benefits of stabilizing fuel costs and local job creation. In Massachusetts and other states with cold winters and/or hot summers, renewable thermal fuel production has been disproportionately low in relation to the typically massive rates of general thermal energy consumption. With commercial building owners and homeowners spending as much as a third of their entire annual energy expenditure on heating and cooling, the bill will allow Massachusetts to ensure that a slice of this thermal energy consumption comes from a clean, renewable source. In addition, the bill directs that all eligible energy sources have low emissions, high rates of efficiency, and use sustainable forestry practices.

The success of the Massachusetts legislation was spotlighted last week in the Boston Business Journal, including the role of Mintz Levin-affiliate ML Strategies, which helped advocate for the bill’s passage at the State House. Be sure to check out the article here.