‘Green bonds’ are helping firms clean up their act – NBER paper
But bonds only have a significant impact if they are independently certified, researcher finds
The boom in green bonds is helping to drive improvements in the sustainability of public companies, new research finds.
Green bonds: effectiveness and implications for public policy, published by the US-based National Bureau of Economic Research, presents some initial findings on whether green bonds are delivering environmental benefits. The paper says $141 billion of green bonds were issued in 2018.
Author Caroline Flammer focuses on public companies, due to the greater availability of
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