READ ‘Green’ finance environmental impact is hard to measure’ by Cary Krosinsky and Todd Cort in the Financial Times.
Two news stories hit this autumn that, at first glance, had little to do with each other. First, in September came a report on a slowdown of green bond sales. After more than tripling between 2013 and 2014 to more than $36bn, the brakes suddenly came on. Issuance for 2015 as of September was less than $30bn.
A couple of weeks later, Volkswagen admitted to tampering with emissionson its diesel cars. On October 11 news broke that the European Investment Bank, which had loaned about €4.6bn to Volkswagen for research into low emissions technology, had launched an investigation to determine whether Volkswagen had used the money appropriately.