Starting this month, the Connecticut State Treasurer will begin issuing Green Bonds tailored to meet the needs of investors who must invest in environmentally friendly projects.
The bonds will provide $60 million to finance wastewater infrastructure projects through the state’s Clean Water Program, which provides grants and loans to municipalities undertaking such projects. The state’s Green Bonds will be part of a larger $300 million general obligation bond issuance.
Green Bonds began in 2008 as a way for the World Bank to mitigate climate change or help people adapt to it. Some of the projects the bank finances include (1) solar and wind installations, (2) reducing greenhouse gas emissions, (3) reforestation, and (4) flood protection.
