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Green bonds
King County, Washington
CICERO independently rates King County Green Bonds.
The King County Green Bonds Program advances King County’s low carbon economy, brings attention to the County’s significant climate action achievements, and supports projects that help combat climate change.
The Green Bonds Program is one tool that the County uses under its Strategic Climate Action Plan to finance projects that have environmental benefits and/or projects that assist the County in mitigating or adapting to the effects of climate change. Eligible projects are located across the County and align with the County’s environmental and climate action regulations and policies.
The County is anticipating that projects that involve clean transportation conversions to zero-emission buses; forest land protection and habitat restoration to offset greenhouse gas emissions; and design and construction of green-built facilities that include recycled and energy saving materials, improve air quality, reduce water use, and achieve high ratings for sustainable construction-- will be candidates for the Green Bond Program.
Project list
Department of Natural Resources & Parks - Solid Waste Division
Transfer stations
| Project | Date-series | Percent complete |
Amount of Green Bond proceeds allocated to date |
Expected Greenhouse Gas (GHG)1 emissions reduction |
Annual energy savings |
|---|---|---|---|---|---|
| Factoria Transfer Station |
2017-Series A |
100% | $13.7m | 1,926 MTCO2e2 | 92 MMBTU/yr3 |
| Northeast Recycling and Transfer Station |
2017-Series A |
0% | $1.1m | not available at present | not available at present |
| South County Transfer Station |
2017-Series A |
100% Final Design Phase | $11.7m | not available at present | not available at present |
General waste management infrastructure
| Project | Bond Issue | Percent complete |
Amount of Green Bond proceeds allocated to date |
Expected GHG1 emissions reduction |
Water improvement metrics |
|---|---|---|---|---|---|
| Cedar Falls Drop Box |
2017-Series A |
1% | $0.1m | Project is on hold |
not available at present |
| Harbor Island Dock Demolition |
2017-Series A |
40% | $1.3m | not available at present |
not available at present |
| Landfill closures |
2017-Series A |
Not applicable | $8.1m |
20% reduction in GHG emissions tCO2eq/year at Enumclaw Closed Landfill |
Cedar Falls Closed Landfill actual improvement in key water quality parameters was 20% last 2 years Hobart Closed Landfill actual improvement in key water quality parameters (Stabilizing) 5% at Vashon Island closed landfill |
1 Greenhouse Gas (GHG) is a gas in an atmosphere that absorbs and emits radiant energy within the thermal infrared range and measured in carbon dioxide (CO2) equivalents.
2 Metric tons of carbon dioxide equivalent (MTCO2e) is a measure used to compare the emissions from different greenhouse gases based upon their global warming potential.
3 Million British Thermal Units per year (MMbtu/yr).
For more information about King County Green Bonds, please contact Lorraine Patterson, Chief Administrative Officer, Department of Natural Resources and Parks.