Green bond boom leaving out vulnerable countries, says report

Wind turbines in South Wales, Britain, on March 26, 2021.
Wind turbines in South Wales, Britain, on March 26, 2021.PHOTO: REUTERS

LONDON (BLOOMBERG) - The green finance revolution risks leaving out emerging markets (EMs), including some of the world's most vulnerable nations to climate change.

There is too much emphasis on developed-market standards to define EM bond rules, according to a report from London's Imperial College Business School, based on interviews with over 40 asset managers and global banks.

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