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Capital Markets

Environmental bonds stained by 'green washing'

China's controversial Three Gorges dam raised $840m for wind power projects

The operator of China's Three Gorges Dam has issued green bonds, despite coming under fire for its own environmental record.   © Reuters

TOKYO -- The popularity of environmental, social and governance investing has risen sharply in recent years, but many so-called green bonds have drawn accusations of "green washing" for having little, if any, environmental benefit.

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