Dismissing debt issued by polluters to shift away from fossil fuels as “greenwashing” overlooks the benefits of tolerating shades of grey. swahapattanaik writes:
Global green bond issuance reached $86.4 billion in the first half of 2019, up 26% from a year earlier, according to Refinitiv data. Issuance of such debt hit a record high of $132.3 billion in 2018.
The Netherlands on May 21 said it had received 21.2 billion euros worth of orders for its inaugural green bond. The triple-A rated sovereign sold almost 6 billion euros of such debt and explicitly prioritised investors with green credentials by offering them a more favourable allocation.
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