Green Bond Fact Sheet

This fact sheet describes a USD 48.8 million green bond issuance by RethinkWaste, a joint powers authority in San Mateo County, California, to fund waste management and bioenergy projects.

• RethinkWaste issued USD 48.8 million in green bonds on July 1, 2019, with a maturity date of September 1, 2024, and a tenor of 15. The issuance is categorized as a US municipal bond issued by a local government.
• The bond proceeds are divided into two series. Series 2019A is a refunding of Series 2009A bonds used for improvements to the Shoreway Environmental Center, including a 70,200 sqft materials recovery facility and an expanded transfer station for organic waste. Series 2019B funds efficiency equipment for the materials recovery facility, including an optical sorting machine, robotic residue sorting, an enhanced glass clean-up system, and sort system upgrades.
• The issuance includes an organics-to-energy pilot project where organics and garbage are transported as a slurry to the anaerobic digester at the Silicon Valley Clean Water Wastewater Treatment Plant. This process is expected to produce 2 MW of continuous base-load power daily, with potential future use of the biogas to fuel RethinkWaste's waste management vehicle fleet.
• RethinkWaste, a joint powers authority of twelve public agencies in San Mateo County, California, manages the Shoreway Environmental Center. This facility processes nearly 500,000 tons of materials annually, with over half being recycled, and provides nearly 400 community jobs.
• The Climate Bonds Initiative notes that this deal contributed to California's municipal green debt total reaching USD 6.4 billion. It is the fifth deal financing waste management projects and the third to do so fully.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-07%20US%20RethinkWaste.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-07%20US%20RethinkWaste.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=1 July 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-07%20US%20RethinkWaste.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = jul, url = {https://www.climatebonds.net/files/drupal-files/files/2019-07%20US%20RethinkWaste.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }