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Capital markets are greener than bank lending, ECB study finds

( November 27, 2019, 07:00 GMT | Official Statement) -- MLex Summary: Boosting equity funding to meet one-half of global financing needs would cut carbon emissions by one-quarter of the target set out in the Paris Agreement on climate change, a study for the European Central Bank has found. Stock markets are better than banks at reallocating investment to green activity and lead to more of the patents that can increase energy efficiency, the study said. Investors may have non-financial objectives or seek to minimize the legal cost of environmental disasters, the authors said.Study attached. ...

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