Green Bonds Without the Bonds

Absolutely amazing. If there is money to be rung out of the system, financiers will find it.

> A zero-coupon bond with zero redemption at maturity.” There is something final about that sentence; when you get to a zero-coupon bond with zero redemption at maturity, you know you have come to the end of financial engineering. It is the creation of financial value out of the absence of cash flows. You will give Denmark money for this certificate, and in exchange you will get a certificate. What will you get for the certificate? Well, you will get the certificate.