Biggest green bang for the buck is not the GrOAT
France’s €7bn green OAT is a cert for the awards ceremonies. But are investors in it really helping the environment?
As with all big, investment grade green bonds, the issuer can raise funds any day, and is doing green projects because they are necessary and financially viable. The green bond makes no difference to whether these projects happen. The French treasury agency admits this, and says it issued ...
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