Investment bonds that support environmental projects in World Bank member countries will go on sale this autumn in Japan, the bank and Daiwa Securities Group Inc. said.
"World Bank green bonds are an opportunity for investors to support climate solutions," they said in a statement.
Revenues from the sale of so-called green bonds are used to fund development projects such as alternative energy, flood protection and reforestation, the organizations said.
The World Bank first sold green bonds in 2008. Since then, it has issued the equivalent of more than $3 billion (about 240 billion yen) in green bonds. The organizations said this bond sale will be denominated in Australian dollars and primarily will target Japanese retail and institutional investors.
The release is expected to take place in October, when world leaders gather in Tokyo to discuss climate problems during an annual meeting of the International Monetary Fund and World Bank.
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