Economic Times: A "green" bond market has taken root this year, with municipalities and corporations issuing new environmentally-focused bonds and money managers jumping in to buy them.
But it's too soon to tell whether all the new activity - less than a sliver of the $91 trillion worldwide bond market - will send much new money to projects like efficient buildings and better water systems.
Instead, the new bonds reflect the complexities of using finance to address issues like climate change. While the sale...