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Green Bonds Take Root in the U.S. Municipal Bond Market
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Green Bonds Take Root in the U.S. Municipal Bond Market

Devashree Saha
Brookings Institution, 2016
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Editorial Rating

8

Qualities

  • Innovative
  • Eye Opening

Recommendation

In the United States, two overlapping concerns require massive spending: lowering carbon emissions and improving infrastructure in areas such as transportation, water and energy. The vibrant $3.7 trillion US municipal bond market has a major role to play in funding the projects that meet both priorities through “green bonds.” However, this article by policy expert Devashree Saha reveals that these instruments have some glitches. getAbstract recommends this enlightening report to government officials, investors and others interested in the progress and development of green municipal bonds.

Take-Aways

  • Between 2014 and 2016, US state and local governments issued some $30.3 billion in “green bonds.”
  • Green bonds finance infrastructure projects in the transportation, water, energy, waste and pollution areas.
  • The term “greenwashers” describes bond issuers who use the green label for “projects that are not environmentally friendly.”

About the Author

Devashree Saha is a senior policy associate with the Brookings Institution’s Metropolitan Policy Program. She researches clean energy’s role in economic development policy, as well as the transition to a clean energy economy.

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