News Formal

The $280bn climate bond market that isn’t working

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 77%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Most sustainably-linked bonds do not align to global climate goals.

One of Wall Street’s favourite financial innovations for helping reduce corporate greenhouse gas emissions isn’t functioning as intended.

Issuers like SLBs because their proceeds can be used for general purposes as opposed to specific projects, which isn’t the case for green bonds. As a result, the SLB market is accessible to heavy polluters like cement producers or steel manufacturers that might otherwise struggle to identify projects eligible for green bonds.

CBI’s research found that just 14% of SLBs issued are aligned with the Paris Agreement target of limiting global warming to well under 2C from pre-industrial times, according to its own assessment methodology.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 5. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Catalytic Climate Finance Facility opens call for applications of market-ready blended climate finance solutionsSouth Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Sumber: SATodayNews - 🏆 44. / 51 Baca lebih lajut »