Speaking to a climate summit at the Vatican on Wednesday morning, Gov. Maura Healey announced that Massachusetts is partnering with a social impact investing firm to launch a climate technology workforce training fund, shooting for an initial $10 million combination of public, private and philanthropic dollars it can loan out.
With ambitious mid-century emission reduction targets on the books, Massachusetts wants to electrify heating and cooling, personal vehicle travel and more, but the state will need more than 30,000 new workers who can install heat pumps, prepare residential homes to charge electric vehicles, build offshore wind farms, and more to get there. The Healey administration called the workforce need “a once-in-a-generation call to build an expanded and inclusive workforce.”
The Massachusetts Climate Careers Fund, to be led by nonprofit Social Finance, will offer loans to “help participants access and succeed in high-quality training programs that prepare them for good-paying, in-demand skilled climate jobs such as …