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Treasurer John Chiang and Leading Papal Advisor on Climate Change Open State’s First Green Bonds Symposium

Treasurer John Chiang and Leading Papal Advisor on Climate Change Open State’s First Green Bonds Symposium

SANTA MONICA, THE MILKEN INSTITUTE – California State Treasurer John Chiang and world-renowned climate scientist Dr. Ram Ramanathan, Professor of Climate, Atmospheric Science & Physical Oceanography at Scripps Institution of Oceanography, delivered remarks today to environmental and financial experts at the California Green Bond Symposium in Santa Monica. Green bonds, have the potential to greatly increase […]

Treasury Buys $200 million in Green Bonds

Treasury Buys $200 million in Green Bonds

Purchase supports World Bank-backed energy and environmental projects California has finalized the purchase of $200 million worth of green bonds issued by the World Bank, state Treasurer John Chiang announced today. Proceeds from the sale will help the bank finance projects that meet specific criteria for low-carbon and climate-resilient growth; mitigate climate change or help […]

Treasurer John Chiang is exploring possible program expansion of Green Bonds

Treasurer John Chiang is exploring possible program expansion of Green Bonds

State Treasurer John Chiang on Monday released an initial report on the state’s spending of nearly $300 million in proceeds for environmental purposes, financed by a first-ever sale of “green bonds.” The 2014 general obligation bonds, tax-exempt securities backed by the full faith and credit of the state of California, completely or partially pay for […]