Practitioner Insights: Defining Green Finance for Climate Change

摘要

Green finance is an important and emerging segment of financial markets that holds the promise of delivering environmental benefits that could help tackle climate change. The segment is substantial, with industry groups estimating that green bonds mobilized as much as $150 billion to $200 billion in the last year. Despite all the potential benefits of green finance, the market segment is bogged down in debate about how to define green finance and what standards to use to certify products.