Taking the hot air scam to the next level
Delegates from across the world poured into Rio de Janeiro to attend the UN’s sustainable development summit to discuss how to tackle climate change.
One item on the agenda: Could the issuance of “green bonds” be part of the answer?
Investor interest for green bonds exists, but potential purchasers of such products are not being offered appropriate investments on a big enough scale.
Ben Caldecott, head of policy at investment manager and adviser Climate Change Capital, said that investors such as pension funds and insurers are interested long-term green bonds to match their existing liabilities.