What is a Green Bond?
A green bond is a type of tax-exempt municipal bond, issued by organizations and local governments that have been qualified by the U.S. Federal Government to do so. The idea behind a green bond is that it is issued to promote the development of so-called brownfield sites, which are buildings or parcels of land that are abandoned or under-developed, and may have small amounts of industrial pollution. The full name for a green bond is a Qualified Green Building and Sustainable Design Project Bond. Green bonds are meant to promote environmentally friendly land use and development. Increasing awareness of environmental issues forms the background for the implementation of the green bond. They are intended to raise money that will support environmentally sensitive business practices and new ventures. These usually take the form of rebuilding or restoring land or buildings that have a negative environmental impact on a community, or have been polluted themselves and need restoration. The int
