green-banking

Vocabulary Word

Definition

'Green-banking' refers to banking activities which promote environmentally-friendly practices. These banks provide financial backing to projects which minimize harm to the environment and promote sustainability.

Examples in Different Contexts

In sustainable finance, 'green banking' involves creating financial products and services that support environmental conservation efforts, such as green bonds and sustainable loans. A financial analyst might explain, 'Green banking is crucial for channeling funds into projects that combat climate change and promote biodiversity.'

Practice Scenarios

Business

Scenario:

While planning our new sustainable product line, we should also consider our financing options to maximize financial efficiency.

Response:

Absolutely, looking at green-banking options can not only help us secure necessary funding but also align with our company's sustainability goals.

Public-Policy

Scenario:

The city council is proposing a green city project. We must explore various sources of funding to ensure its success.

Response:

Right, exploring green-banking options might help us secure favorable loan terms for our green city project.