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A $180 Billion Green-Debt Boom Grows Faster Than Its Impact

  • Green debt market is bigger than real-world green works
  • Activists and auditors say inflated numbers feed complacency
In Wake Of 9/11, Wall Street Is More Of A Notion Than An Address
Photographer: Amir Hamja/Bloomberg
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The green debt market is growing at a faster pace than the real-world projects it was created to support, thanks to some financial engineering.

While no official estimate exists for the difference between green finance and actual green business, a growing chorus of auditors, researchers and climate activists warn that the numbers provided by bankers offer an exaggerated picture of their role in fighting climate change.