WASHINGTON — The climate bill approved by a slim majority in the House late last month, that is currently pending in the Senate, would create an energy administration that could provide credit enhancement for state, local and private entities’ taxable debt obligations.

Provisions in the bill would create a Clean Energy Deployment Administration that would be able to provide credit support to taxable debt obligations sold by state, local and private-sector entities to finance environmental retrofits of buildings or installation of renewable energy generating systems.

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