A slightly different version of a green bank has just been added to what is a growing list - by the US state of New Jersey with their launch last week of an “Energy Resilience Bank”. Although not branded as green (the New Jersey government is of the climate-denying Republican variety, after all!), this is essentially a climate change adaptation bank, established in response 2012's Hurricane Sandy.
1. IFC on their US$200 mil of Green Bonds2. Climate bond tipping points and issue volumes3. Climate Bonds Standards4. Transition to a low carbon economy: what is missing?5. Green investment banks6. New Climate Bonds Initiative Advisory Panel members
1. IFC issues US$200 mil of Green Bonds
For the past six months the Climate Bonds Initiative, working with a range of associated groups, has been pressing political parties in the UK to adopt policies for a "Green Investment Bank" and for "Green Bonds". (You can read more about these proposals in our Climate Bonds discussion paper).