The world's major green banks are mobilising more than $NZ450 billion of capital for investing into the green economy. 6 Bonds tied to green investments are booming too. Twenty-five of the world's largest banks - including Bank of America Merrill Lynch, Citi, JPMorgan, Deutsche Bank, Goldman Sachs, HSBC, and Morgan Stanley - recently released the governance framework for a green bond market. 7
for limiting the welfare state, for example public funding for social services or social security, e.g. private care before state care