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.

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Etymology

Origin of green bank

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

Example Sentences

The awards came from the Solar for All program, part of the $27 billion “green bank” created as part of a sweeping climate law passed in 2022.

From Seattle Times

At the state level, Connecticut’s Green Bank and others have been successful in tracking the impact of their programs.

From Seattle Times

“What we might have here — might — is the discovery of a primordial galaxy, a galaxy that is so diffuse, it hasn’t been able to form stars readily,” Karen O’Neil of the Green Bank Observatory in West Virginia told a.

From New York Times

With the plans in hand, Auslander and her group researched low-cost financing from the state’s Green Bank, and tax credits and grants from the local utility company.

From Seattle Times

DC Green Bank in Washington, D.C., for example, works with private companies to mobilize funding for natural stormwater management projects and energy efficiency.

From Scientific American