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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.

Regan, whose agency oversees the green bank, called the grant programs a way to “tackle the climate crisis and reshape the economy” at the same time.

From Seattle Times • Jul. 14, 2023

Lawmakers in New Mexico are crafting green bank legislation at the urging of the Coalition of Sustainable Communities New Mexico, a group of local governments aligned to support climate policies.

From Seattle Times • Jan. 9, 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

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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