The Green Debt Swap Market Was Once Hot. Now, It’s Cooling
Emerging market bonds are increasingly attractive.
Green debt swaps could be a $1 trillion market — but they’re nowhere close to reaching that size. Today’s newsletter takes a look at where they’re at today and what their potential realistically looks like in the coming years.
By Antony Sguazzin, Esteban Duarte, and Olivia Rudgard