Green lending

Green lending

Green lending refers to a lending dependent on environmental criteria for the planned use of funds.

Recently major banks such as Wells Fargo (July 2005, $1bn over 5 years) [ [http://www.jetsongreen.com/2006/08/green_lending_t.html Green Lending: Top 10 Reasons Why Banks Lend to Sustainable Buildings] ] and Bank of America (March 2007, $20 bn) [ [http://blogs.business2.com/greenwombat/2007/03/bank_america_co.html Green Wombat: Bank of America Commits $20 Billion to Green Lending] ] have dedicated financing toward green entrepreneurship. This usually means financing the building of environmentally sustainable or friendly buildings or enterprises. Banks appear to have taken the helm in instituting this social/financial change as opposed to borrowers.

References

See also

* Green money


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