The growing green bond market reflects the financial sector's awakening to climate risk. New research examining the US municipal bond market suggests a positive green bond premium in recent years, driven by differences in credit quality. As climate-risk disclosure becomes more widespread, investors may show willingness to pay green premiums.
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Clapp, C. Investing in a green future. Nature Clim Change 8, 96–97 (2018). https://doi.org/10.1038/s41558-018-0071-7
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DOI: https://doi.org/10.1038/s41558-018-0071-7
