18 Sep, 23

How Green Bonds Are Blurring Environmental Commitments

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A week ago, Danish transport giant Moeller-Maersk issued its first green bond. The debt, worth $750 million, will be used to “help finance or refinance green assets.” With that bond, Maersk joined a growing army of businesses issuing debt to finance various transition-related activities as governments tighten the emission noose around them through new laws and financial reporting regulations.  Yet green debt, like carbon offsets, has become the object of criticism and doubts about the green credentials of the issuers.…

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