The green finance revolution risks leaving out emerging markets, including some of the world’s most vulnerable nations to climate change.
There’s too much emphasis on developed-market standards to define EM bond rules, according to a report from London’s Imperial College Business School, based on interviews with over 40 asset managers and global banks. It’s the EM countries and companies with the worst environmental situations who most need capital to transition, yet they’ll find it increasingly difficult to attract the funding required, it said.
