On April 27, the International Finance Corporation, the World Bank's private sector affiliate, announced it has raised $500 million for climate-friendly investment in its first round of “green bonds.” The funds will support investments in developing country renewable energy, energy efficiency, and other climate-friendly projects. This round of fund-raising, focused on American investors, includes commitments from BlackRock, TIAA-CREF, and the California State Teachers' Retirement System.
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IFC green bonds launched
- Mintz Levin Cohn Ferris Glovsky and Popeo PC
- David Leiter, Sarah Litke and Daniel Phillips
- Global, USA
- April 29 2012
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