The World Bank issued a bond that funds projects aimed at reducing climate change and helping people affected by it, an example of how institutions are using the capital markets to fund green initiatives. The "World Bank green bond" was sold through Sweden's Skandinaviska Enskilda Banken Money raised from the deal will be spent to stimulate and coordinate public- and private-sector projects to tackle the threat of global warming. All proceeds to the World Bank will be used to finance projects, such as wind farms and solar parks, which cut carbon dioxide emissions in the developing world.

About the author

  • Devex Editor

    Thanks a lot for your interest in Devex News. To share news and views, story ideas and press releases, please email news@devex.com. We look forward to hearing from you.