Issuing green bonds signals firms’ intent to cut emissions – BIS study
However, instruments are no panacea when it comes to tackling climate change, research says
Firms that issue green bonds consistently reduce their carbon emissions, research from the Bank for International Settlements says.
The authors – Jakub Demski, Yingwei Dong, Patrick McGuire and Benoît Mojon – show that a firm’s aggregate emissions drop by around 10% four years after it has issued green bonds, while the intensity of its emissions falls by nearly 30% over the same period.
Yet the study adds that green bonds are not a silver bullet when it comes to tackling climate change
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