Massachusetts Green Bond
The Green Bond of Massachusetts, USA, sought to support clean and drinking water projects, energy efficiency in state buildings and open space and land remediation. Green Bonds are fixed-income securities, designed to raise capital for sustainability projects. They build upon the well-developed Municipal Bonds in the US, which are issued by states, cities and counties to fund investments in public infrastructure and capital intensive projects. In the case of Green Bonds, the proceeds are diverted towards green investments.