Episode
How Green Bonds Are Becoming the New Municipal Bond
- Published
- Jul 4, 2026
- Duration seconds
- 732
- Processing state
not_requested
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Summary
Episode 90 of Climate Economics with Fexingo: Lucas and Luna explore how green bonds are quietly replacing traditional municipal bonds as the go-to funding tool for infrastructure projects. Focusing on the US municipal market, they break down the $500 billion muni bond universe and how green-labeled bonds now account for 12% of new issuance, up from just 2% five years ago. They discuss the specific case of California's $4.2 billion green general obligation bond in 2025, which funded water efficiency and wildfire resilience, and how it priced at a 15-basis-point 'greenium' — meaning issuers actually borrow more cheaply. The hosts also cover the controversy: no universal standard for what qualifies as 'green', leading to some bonds being labeled 'light green' or 'greenwashing.' They close by asking whether the green muni market can scale without federal standard-setting. Perfect for investors, policy wonks, and anyone curious about where their tax dollars are flowing. #GreenBonds #MunicipalBonds #ClimateFinance #Greenium #California #Infrastructure #BondMarket #ESG #Greenwashing #Sustainability #FixedIncome #Economics #FexingoBusiness #BusinessPodcast #ClimateEconomics #TaxExempt #WaterEfficiency #WildfireResilience Keep every episode free: buymeacoffee.com/fexingo