Inicio » World Bank issues first green bond

World Bank issues first green bond

Publicado el 19/11/2008 por Gastón Bilder, International Legal Counsel - Community Relationships http://www.blogger.com/profile/13174963590180153851 noreply@blogger.com 0 http://derechoyrse.blogspot.com/2008/11/world-bank-issues-first-green-bond.html

The World Bank has issued its first bond where the proceeds will be directly invested in climate change-related projects. The bond is the first product of a wider Bank effort, in collaboration with large institutional investors, to direct large-scale institutional money to tackling climate change. The Bank has raised around $300 million in Swedish krona-denominated six-year bonds, sold by Swedish bank SEB to Scandinavian institutional investors. The money raised will be invested exclusively in technologies that reduce greenhouse gases, energy efficiency projects, reforestation or avoided deforestation projects, or to help developing countries adapt to the effects of climate change. Derecho y RSE en América Latina - Gastón Bilder

greenhouse gases law legal world bank medio ambiente environment banco mundial