Green bond
From ACT Wiki
A green bond is not a particularly tightly defined term but is generally thought of as a fixed income instrument launched to fund specific environmental or green projects such as projects to reduce CO2 emissions. The amounts issued in 2014 and 2015 are growing strongly with some $11bn issued in 2013 according to the Climate Bonds Initiative, a non profit organisation established in 2010.
Guidelines for green bonds, the Green Bond Principles, have been issued by a group of 25 leading banks, coordinated by the ICMA (International Capital Market Association), to establish a voluntary framework for these instruments.
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