Central-bank subsidies like quantitative easing and near-zero interest rates should have increased the supply of low-cost financing for green projects. Instead, they have boosted the profits of ever-larger financial institutions, leaving credit to small and medium-size enterprises and long-term projects severely constrained.
最后，我们需要诚实地探讨当前货币政策和金融监管的优点和局限性。量化宽松和近零利率等央行补贴应该针对绿色项目增加低成本的融资供给。然而事实上它们却增加了日益庞大的金融机构的利润，而流向中小企业和长期项目的信用受到了严重制约。