“Amid an ESG backlash in some states, the finding could lead to more governments seeking an ESG-related label for bonds that will fund socially or environmentally sustainable projects.”

[COMMENTARY] Another reason for governments to encourage ESG. Incidentally, the cost of capital for corporations is also less if they show good ESG credentials!
An emerging ‘greenium’? New research says green bonds cost governments less, by Liz Farmer, August 23, 2023, Route 50 TV, USA.