Stepping out of the comfort zone: What’s next for sustainability-linked financing?

This blog from the World Bank discusses the future of sustainability-linked financing.

"Chile and Uruguay broke new ground this year by selling bonds whose costs will be linked to meeting climate sustainability goals. On its $2 billion borrowing in March, Chile will have to pay more interest if it misses targets for cutting carbon dioxide emissions and expanding renewable energy. In the case of Uruguay’s $1.5 billion October issue, the rates will rise or fall depending on whether the country meets emissions and forest targets..."

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