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Green Finance Does Little to Prevent Global Warming, Report Says

Nov. 18, 2021, 8:39 AM

The money pouring into green finance is doing very little to help fight climate change, despite the best intention of investors, according to researchers in Germany.

“There is virtually no causal link between green financing instruments and the use of the funds for green purposes in companies or the state budget,” the Leibniz Institute for Financial Research SAFE said in a report published on Thursday.

The study is the latest to raise serious questions around the role of big finance in the green transition, seen as essential to preventing a climate catastrophe. The market for environmental, social and governance ...