Tag: banks

A different kind of bank

The fossil fuel divestment movement argues that where we invest our money either helps move toward a cleaner future or props up polluting industries that are driving climate change.

Now government agencies are taking that idea to the next level by proactively encouraging investment in renewable energy and energy-efficiency projects. Called green banks, they are not banks as we typically think of them. They do not accept deposits from individuals, and they aren’t private institutions. Instead, green banks are government run and aim to leverage limited public funds by attracting private capital to these projects.