Green bonds grow in California

by Natalie Jacewicz, Mercury News

California Treasurer John Chiang is embarking on a national tour this month aimed at seducing investors with an environmentally friendly investment alternative.

The state already has invested in these “green bonds,” created to enable environmentally responsible projects, and issued them on a small scale.

Now Chiang wants to plant a full-fledged green bond market. Individuals and institutions, such as mutual funds and hedge funds, will have the opportunity to invest. The bonds promise to appeal to environmentally minded investors, as well as those looking to diversify portfolios overly dependent on fossil fuels — in case future climate change regulations sprout up.

read more: https://www.mercurynews.com/2016/02/15/green-bonds-grow-in-california/

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