The $280 Billion Climate Bond Market That Isn’t Working

The $280 Billion Climate Bond Market That Isn’t Working
One of Wall Street’s favorite financial innovations for helping reduce corporate greenhouse gas emissions isn’t functioning as intended. That’s according to new research from the investor-focused nonprofit Climate Bonds Initiative (CBI). The group’s study found that more than 80% of 768 sustainability-linked bonds issued from 2018 through November of last year aren’t aligned with global climate goals. Sustainability-linked bonds (SLB)... ...

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