The first green bond funded renewable energy
The European Investment Bank pioneered the green bond market in 2007, creating a new financial tool that has since channeled over a trillion dollars into global climate action.
In 2007, the European Investment Bank launched the world's first green bond, the Climate Awareness Bond. This 600-million-euro bond was specifically designed to fund environmentally beneficial projects like wind farms and solar power, creating a new way for investors to support climate action.
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