The Connecticut Green Bank is offering residents a new way to personally invest in projects that confront climate change: mini green bonds.
This month the bank will bring to market about $16 million in what it is calling Green Liberty Bonds. The bonds will have a $1,000 face value, an uncommonly low denomination that is intended to make them broadly accessible.
Proceeds from the bond sales will help fund the green bank’s clean energy efforts, which are otherwise supported through a utility bill surcharge, proceeds from the Regional Greenhouse Gas Initiative, and some federal funds.
“Now, we’re increasingly going to be supported by the people,” said Bryan Garcia, the bank’s president and chief executive officer, during a July 2 webinar introducing the program.
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