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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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Alaska Gov. Mike Dunleavy, a Republican, has pushed lawmakers to establish a green bank, and agency officials in South Carolina have explored the potential for a green bank in recent years.

From Seattle Times • Jan. 9, 2023

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 ruling coalition wants the fund to be administered by the Clean Energy Finance Corp., a government-owned green bank that was established to increase investment in the clean energy sector.

From Seattle Times • Nov. 9, 2021

New York, for instance, is trying to nurture energy innovation on a small scale through a state "green bank" that helps companies bring riskier new technologies to market.

From New York Times • Sep. 20, 2017

Through an opening in the trees he caught a glimpse of the top of the green bank from which they had climbed down.

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

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