ESG & Investing
High Emissions Making Debt More Expensive for European Firms
- Spread between big and small polluters wider since 2020: DNB
- Polluters investing in clean tech also reap bond benefits
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Europe’s biggest carbon polluters are paying increasingly higher interest rates on their bonds, according to a report by the Dutch central bank.
Since 2020, when the European Union started rolling out plans to green its economy, the spread between the borrowing costs of big and small emitters has widened to more than 40 basis points, said De Nederlandsche Bank, or DNB.