|The world should
be watching China’s green bond
It's apt that green bonds originated in Sweden. An
instrument that promotes climate-friendly investments by
limiting the use of proceeds, and involves strict monitoring
and reporting requirements – while having no immediate
financial benefits over and above an ordinary corporate bond
– could only be devised in a country that isn't
battling more pressing, short-term issues. The Scandinavian
utopia may be an inaccurate stereotype, but financial
instability, poverty and geopolitical tensions are relatively
low on its national agenda.
How then has China positioned itself as one of...