this post was submitted on 13 Feb 2026
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Investment Funds for 'Green' Municipal Bonds (lemmy.ml)
submitted 5 days ago* (last edited 5 days ago) by throwaway44056@lemmy.ml to c/personalfinance@lemmy.ml
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Are there any investment funds (ETFs or mutual funds) which exclusively purchase municipal bonds in “green” cities?

Most mutual funds seem to profit from unethical companies. Genocide (Lockheed, Google), Climate Catastrophe (BP, ExxonMobil), Slavery (Verizon, Walmart). Murder (UnitedHealth, Dow Chemical).

It seems like municipal bonds might be one of the more ethical ways to invest money.

Specifically, I’m looking to invest in cities that are building-out infrastructure that will lead to an elimination on their dependence on fossil fuels. For example:

  1. Closing roads and building bicycle lanes.
  2. Building electrified trains and dedicated bus lanes.
  3. Passing laws to establish a maximum number of parking spots per person.
  4. Mixed Zoning (walkable cities)
  5. Banning fossil fuel power plants while building hydro/solar/wind/geothermal
  6. Passing laws to heavily tax carbon emissions
  7. And, of course, cities that invest in education usually get a great ROI.

Cities that come to mind include Paris and New York.

I could try to do all the research myself, and find a bunch of other cities that are on the right path -- but that seems like a full-time job, and it’s probably better to just have a fund manager do this research for us.

Are there already any funds that invest in municipal bonds exclusively in “green” cities?

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[–] throwaway44056@lemmy.ml 1 points 19 hours ago

The closet thing I've discovered is a bond on the Australian stock exchange, titled ASX:AEBD

It's invested in the Australian federal government, several provinces of Canada (Ontario, BC, and Quebec), and a few other places I don't recognize:

The fund manager (Betashares) describes the fund as follows:

AEBD aims to track the Bloomberg Australian Enhanced Yield Ethically Screened Composite Bond Index (Index), before fees and expenses. Bonds in the Index are screened to exclude exposure to activities associated with significant negative environmental, social and governance (ESG) factors

Though not municipal, this same company also manages another fund (GBND), whose description says

GBND aims to track the performance of an index (before fees and expenses) that comprises a portfolio of global green bonds (using the definition applied by the Climate Bonds Initiative), issued specifically to finance environmentally friendly projects

The GBND fund appears to only include the EU and European countries (namely France, Italy, and Germany), but the mention of Climate Bonds Initiative might be key to discovering similar funds that invest in actual green cities' bonds