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How a London Neighborhood Is Getting Residents to Invest in Green Projects

Islington is asking residents to invest as little as 5 pounds in a bond to fund recycling, solar panels and electric vehicle charging stations.

A resident in the Borough of Islington recycles household trash. The council’s new green bond is aimed at funding more waste collection and other environmentally friendly projects.

A resident in the Borough of Islington recycles household trash. The council’s new green bond is aimed at funding more waste collection and other environmentally friendly projects.

Photographer: Belinda Jiao/SOPA Images/LightRocket via Getty Images

A north London neighborhood is becoming the first local government in the U.K. capital to offer residents a chance to invest in reducing carbon emissions and mitigating climate change.

The Council of Islington, known for the bazaar-like alleys of Camden Passage and the art of Old Street, is hoping to raise 1 million pounds ($1.38 million) from the sale of a green bond. People can put as little as 5 pounds into the new security and collect interest on their investment.