RIO DE JANEIRO, BRAZIL - While the Financial Times published a harsh editorial stating that investors should sanction Brazil for failing to curb deforestation, a paper also produced in London proposes a slightly more constructive approach: the country should give a positive signal to the market by issuing bonds with targets to curb deforestation.
The proposal provides an unprecedented approach to sovereign issuance.
Several countries have already issued green bonds, in which the use of the resources is allocated to finance green projects.
But none has yet issued the so-called "sustainability-linked bonds," in which the money is used more . . .
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