Reducing greenhouse gas emissions from industries such as steelmaking, chemicals and energy production requires enormous investment. Unlike conventional green bonds, which typically finance clearly defined environmentally friendly projects, climate transition bonds help carbon-intensive industries gradually move toward cleaner operations.
Greenwashing fears may drive up the cost of climate finance
Reader’s Picks
-
There are two lighthouses on Lady Elliot Island, at the southernmost tip of Australia’s Great Barrier Reef. The first was [...]
-
Stories of wandering spirits and the restless dead were common in the Middle Ages. These ghostly encounters were recorded in [...]
-
More than half (52.5%) of Americans ages 13 to 27 reported gambling in the past year, including 42.7% of teens [...]