Sticks and carrots to drive broadening of sustainable finance

Practitioners believe 2021 could be the year when sustainable finance finally breaks out of the narrow confines it has inhabited so far and spreads more widely across the economy.
Up to now, the great majority of green, social and sustainable (GSS) bond issuance has been linked to renewable electricity, greener buildings or cleaner land transport such as rail or low emission vehicles.
Natural resources, manufacturing, services and transport by sea and air have been largely absent.
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