The World Bank (IBRD) has issued over USD billion equivalent of green bonds through 39 transactions in 15 currencies. 50 These are mostly 3-7 year, fixed and floating rate notes (. which pay a variable rate of interest), issued via the AAA rated IBRD, designed to raise capital for projects that aim to combat climate change in developing countries. Projects funded include alternative energy installations, funding for new technologies that reduce greenhouse gas emissions, reforestation, watershed management and flood protection. Although the World Bank is issuing these bonds for the most part at similar yield levels to their conventional.
