Environment
Study shows that firms issuing green bonds are better at tackling carbon emissions
New analysis by the Bank for International Settlements shows that companies who issue green bonds are better at reducing greenhouse gas emissions. This is especially true in sectors with high levels of pollution. The study, published on Tuesday, evaluated the impact of the green bond market which is a near $3 trillion market where companies raise money for projects to limit climate change and benefit the environment. The study found that the total emissions of green bonds issued in the four-year period following issuance fell by over 10%. Emissions per unit of revenue, a measure for emissions intensity, also dropped...