“To what extent is the greenness merely a gimmick to adorn standard corporate borrowing? How much of it is legit? Hardly any of it, according to a new NBER paper by Pauline Lam and Jeffrey Wurgler of NYU’s Stern School of Business.”

[COMMENTARY] The data is concerning. It suggests that many bond issuers can ‘greenwash’ their bond offerings. Just as there are ‘light’ or ‘deep’ green funds, there needs to be industry-wide agreement on similar categories for bonds globally.
Green bonds are bunkum, by Robin Wigglesworth, September 16, 2024, Financial Times, UK.