Dive Brief:

• Bank of America issued a $500 million “green” bond to finance energy efficiency and renewable projects.
• The banking giant says it is the first corporate green bond ever issued. The issuance is part of the company's $50 billion environmental initiative.
• Bank of America plans to help its customers issue similar green bonds.

Dive Insight:

This is another example of how innovative financing can support efficiency and renewables. Also, it is a reminder that businesses and other entities can take major steps affecting how we use energy.