News Snapshot:
Tackling climate change will be the greatest challenge for governments in the 21st century. A colossal US$275 trillion in cumulative spending is needed between 2021 and 2050, according to McKinsey, which translates into US$9.2 trillion a year . Meanwhile, new sovereign borrowing is expected to exceed US$10 trillion this year due to the global economic slowdown . A large portion of bonds will have to come in the form of green bonds for the world to achieve the net zero emissions envisioned in the Paris climate agreement. As governments and companies race to borrow money, offering green bonds is an...
