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The decision is part of the RBI’s push to put in place regulations that encourage the nation’s banks to lend more to environment-friendly projects and mitigate risks emerging from climate change
The funding would be used to purchase new electric buses and charging infrastructure to transport senior citizens
Gov. Murphy also announced the creation of the state Office of Climate Action and the Green Economy, and the N.J. Council on the Green Economy, led by first lady Tammy Murphy.