Alexander Lehmann, (2020), “European green finance is expanding, a discount on bank capital would discredit it“, Bruegel, 15 January
If EU banks are to mobilise a greater share of loans for sustainable projects they will need a reliable policy framework, clear internal performance targets and the relevant skills. A discount on bank capital underlying such assets is neither justified nor likely effective. A comprehensive review of how climate risks are reflected in prudential regulation is nevertheless in order.
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