1. CLEAN ENERGY/ FIXED INCOME
Charles Sandmel
73 Fairmount Street
Brookline MA 02445
617/

2. WHY FUND CLEAN ENERGY WITH BONDS ?
Total global bond market is $100TN, compared to $63TN in equity.
Borrowing spreads costs over life of projects
Many clean energy developers—including whole public sector-- can’t issue stock

3. WHY OWN BONDS IN INTENTIONAL ENDOWMENTS?
Low risk asset class has offered stable returns
Valuation moves don’t track stocks—tends to stabilize overall portfolio value
Direct and verifiable nonfinancial impact not available from equities

4. WHAT MAKES A BOND GREEN? GREEN BONDS
Finance environmentally beneficial projects or enterprises.
Universities can buy or issue them!

6. WHERE TO GET DATA
Corporate bonds
Municipal Bonds
Bloomberg Terminal:
DES function