In 2013, the City of Gothenburg became the first city in the world to issue green bonds, which enable it to borrow money for investments that benefit the environment. More than 75% of proceeds from green bonds issued between 2013 and 2015 are used by the city to fund climate change projects that promote the transition to low-carbon and climate-resilient growth. Direct link: https://unfccc.int/climate-action/momentum-for-change/financing-for-climate-friendly/gothenburg-green-bonds