green bank

American  

[green bangk] / ˈgrin ˈbæŋk /

noun

1. 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.

---

Etymology

Origin of green bank

First recorded in 1990–95, for an earlier sense; 2005–10, for the current sense

Example Sentences

See Examples For:

green bank

All three programs will be overseen by the green bank, with grant awards expected next year.

From Seattle Times ● Jul. 14, 2023

The green bank — modeled after similar banks established in states such as Connecticut, New York and California — is expected to unlock billions of dollars in private investment, Regan and other officials said.

From Seattle Times ● Jul. 14, 2023

State and local green banks sprouted up across the United States about a decade ago, when an effort to establish a national green bank failed in the U.S.

From Washington Post ● Dec. 25, 2021

Montgomery County was among the first local jurisdictions in the country to set up its own green bank, in 2015, and now there are similar organizations in D.C.,

From Washington Post ● Dec. 25, 2021

The hobbits scrambled down a steep green bank and plunged into the thick trees below.

From "The Fellowship of the Ring" by J.R.R. Tolkien