The National Australia Bank (NAB) Climate Bond was issued in December 2014 with proceeds ring-fenced for financing a portfolio of wind and solar energy projects across Australia. It represents the first time an Australian issuer has brought a green bond to the domestic market and it was also the first bank issued green bond certified under the Climate Bond Standard globally. The deal was supported by a lead cornerstone bid from the Clean Energy Finance Corporation, and strongly supported by a diversified group of investors including asset managers, middle market and banks. The renewable energy projects funded by the NAB Climate bond are expected to generate over 1.5 gigawatts of electricity (enough to power 730,000 average Australian households for 1 year) and save an estimated 3.9 million tonnes of greenhouse gas emissions.