The Farce of the Sustainability-Linked Bond

I can't blame Air France-KLM for going for one, but airlines have a long way to go on emissions reductions. Also, why is Airlines for America so pessimistic?

Airlines should do anything they can to raise money during times of rising interest rates and greater uncertainty. If the government, and investors want to make the investment, the airline should take it, even if it seems too good to be true.

But when I saw Air France-KLM was raising 1 billion euros in sustainability-linked bonds, I was surprised, even t…