Green bond market breaks through $150bn barrier

The total amount of capital raised by green bonds has surpassed $150 billion, as the rapidly evolving market continues to set new records. The landmark was achieved on 16 August when a series of bonds settled – a $1.3 billion issue from the Asian Development Bank, a $500 million issue from Indian power company Greenko, and a $437 million issue from the City of Aurora in the US, according to the Green Bond Database published by Environmental Finance.

Although the amount raised by the market since its inception in 2007 has topped $150 billion, the value of total outstanding green bonds is slightly lower, at $143.45 billion, because some of the previous green bonds have matured.

Of this figure 42% or $62.23 billion were issued by sovereign supranational and agency issuers, with banks representing the second largest portion at $23.3 billion.


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