Green Bond Trend Catches on in the Muni Market
- Governments step up sales of bonds for environmental projects
- As climate change politicized, states seen picking up pace
Photographer: Jacob Kepler/Bloomberg
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Environmentally conscious investing may finally be gaining traction in a $3.8 trillion market that seems made for it.
U.S. state and local governments -- which finance public transit, water works and other projects with positive environmental impacts -- sold $1.9 billion of so-called green bonds during the third quarter, the most for the period on record, according to data compiled by Bloomberg. Another $440 million have been issued so far this month.