Green bonds pass $1tr

Green bond issuance has passed the $1 trillion mark, with the milestone being reached in only thirteen years since the market’s inception in 2007.

According to research by BloombergNEF more than $200bn worth of green bonds have been issued in 2020 thus far. This represents a 12 per cent increase compared with the first nine months of 2019.

“For much of this year, green bond issuance has lagged behind 2019. But the bumper month in September, with more than $50bn issued, offers hope of a possible boom in the last quarter of the year,” said Mallory Rutigliano, a sustainable finance analyst at BNEF.

One of the biggest boosters this September came from Germany when the federal government issued a $7.7bn sovereign bond at the start of the month The Swedish government and Électricité de France (EDF) also helped with more than $5bn issued.

The report notes that green bonds have also pushed the wider sustainable debt market (which includes social bonds, sustainability-linked loans, green loans and others) over the $2tr mark.

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