Stoever Glass & Co., Inc.
Phone: (212) 952-1910
Toll Free: (800) 223-3881
Green Bonds are fixed-income securities, both taxable and tax-exempt, that raise capital for use in financing or refinancing projects and activities with specific climate or environmentally sustainable purposes. They consist of debt obligations with direct recourse to issuers; project finance or revenue bonds with and without recourse to issuers; and securitizations collateralized by projects or assets whose cash flows provide the first source of repayment. Over the past decade, Green Bonds have emerged as a valuable tool to mobilize the investment community. Although Green Bonds accounted for less than one percent of all bonds issued in 2016, the potential for higher demand is substantial, according to the Climate Bonds Initiative.
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