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Data: Fannie Mae, Bloomberg, NEF, Institute of International Finance; Chart: Axios Visuals

Investment in green assets — securities developed for climate and environmental projects — remains small, but growth is starting to pick up significantly, data from the Institute of International Finance shows.

The big picture: While their asset volumes are still marginal compared to traditional U.S. mortgage-backed securities (which have averaged over $1.5 trillion annually in recent years) IIF notes that green MBS volumes have grown from a trickle of some $6 million per year 2012–2015 to much more substantial issuance. In 2017 and 2018, green MBS issuance averaged $28.8 billion a year.

  • The total has now exceeded $55 billion, with the overwhelming majority issued by the government mortgage giant Fannie Mae.

What it means: Asset-backed securities (ABS) are groups of mortgages, credit card loans or other typically illiquid assets pooled together and sold as one security. Green ABS are all related to low-carbon assets like solar-powered systems or real estate loans in which the proceeds are used to finance green projects.

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Two officers shot in Louisville amid Breonna Taylor protests

Police officers stand guard during a protest in Louisville, Kentucky. Photo: Ben Hendren/Anadolu Agency via Getty Images

Louisville Metro Police Department said two officers were shot downtown in the Kentucky city late Wednesday, just hours after a grand jury announced an indictment in the Breonna Taylor case.

Driving the news: Metrosafe, the city's emergency services, said it received reports of a shooting at South Brook St. and Broadway Ave., near the area where protests were taking place. A police spokesperson told a press briefing the injuries of both officers were not life-threatening. One officer was "alert and stable" and the other was undergoing surgery, he said.

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  1. Global: Total confirmed cases as of 9 p.m. ET: 31,778,331 — Total deaths: 974,436 — Total recoveries: 21,876,025Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 6,943,078 — Total deaths: 201,930 — Total recoveries: 2,670,256 — Total tests: 97,459,742Map.
  3. Health: CDC director says over 90% of Americans have not yet been exposed to coronavirus — Supply shortages continue to plague testing.
  4. Politics: Missouri Gov. Mike Parson tests positive for coronavirus — Poll says 51% of Republicans trust Trump on coronavirus more than the CDC.
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  8. Future: America's halfway coronavirus response

Biden: Breonna Taylor indictment "does not answer" call for justice

Former Vice President Joe Biden. Photo: Leigh Vogel/Getty Images

Former Vice President Joe Biden on Wednesday condemned the grand jury indictment of a Louisville police officer who entered Breonna Taylor's home in March in a botched drug raid that led to her death, saying in a statement the decision "does not answer" for equal justice.

The big picture: Biden called for reforms to address police use of force and no-knock warrants, while demanding a ban on chokeholds. He added that people "have a right to peacefully protest, but violence is never acceptable."

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