Climate-linked bonds are fixed-income assets that are linked to climate-change solutions.
The majority of climate bonds issued to date have been use-of-proceeds bonds.
Climate bonds provide an opportunity for investors, such as insurance companies, to hedge against climate risks.
They jointly recommended in a February 2024 research paper that climate bonds be issued by the European Stability Mechanism.
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Christopher Girdwood, after witnessing how small business owners cope following a disaster, founded the Recovery Pledge.