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green bank
[green bangk]
noun
a public, semipublic, or nonprofit financing organization that is dedicated to investing in projects intended to help the environment, such as renewable energy or carbon reduction.
51³Ō¹Ļ History and Origins
Origin of green bank1
Example Sentences
The awards came from the Solar for All program, part of the $27 billion āgreen bankā created as part of a sweeping climate law passed in 2022.
The taxpayer-funded green bank has faced Republican opposition and concerns over accountability for how the money gets used.
The Democrat first introduced legislation to create a national green bank 15 years ago.
At the state level, Connecticutās Green Bank and others have been successful in tracking the impact of their programs.
Recipients were awarded competitive grants from two of the three programs overseen by the āgreen bankā created in the Biden administrationās landmark climate law, the Inflation Reduction Act, passed in 2022.
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