‘Green finance’ standards ineffective with smaller firms – BdF paper
Banks lend to smaller firms irrespective of their industries’ polluting records, researcher says
“Green finance” commitments by French banks are having some effect on loans to larger polluting firms, but none when it comes to smaller businesses, a working paper published by the Banque de France argues.
In Banks’ climate commitments and credit to brown industries: new evidence for France, Jean-Stéphane Mésonnier looks at whether French banks’ public commitments on the environment have helped to reduce carbon emissions.
The author uses data on banks’ credit exposures, covering loans to 50
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