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Labeled Green Bonds Issuance Crosses $40 Billion In 2015

The global labeled green bonds market has crossed a grand milestone in terms of total issuance this year.

A total of $40 billion worth of labeled green bonds were issued in 2015. According to the Climate Bonds Initiative, the milestone was achieved in December, and the total issuance last year was $36.59 billion. As of the 23rd of December, the total issuance for 2015 stood at $41.8 billion.

The jump in issuance this year may be attributed to the entry of new players in to the green bonds market. Several entities from India issued their first green bonds, so did some entities in China.

The first entity from India to issue green bonds was Yes Bank, which also issued additional bonds over the course of the year. The Bank recently signed an agreement with the the London Stock Exchange to list green bonds. Other entities from India including the Export-Import Bank of India, wind energy developer CLP India, and IDBI Bank. The Indian government has directed several other state-owned entities to issue green bonds to finance renewable energy capacity addition.

Wind energy firm Xinjiang Goldwind Science & Technology became China’s first entity to issue green bonds. Agriculture Bank of China also raised nearly $1 billion from green bonds issued and listed at the London Stock Exchange.

The Climate Bonds Initiative added a number of partners during 2015, including EY, Allianz Global, and Citi Group. With several developing countries entering the global green bonds market, the total issuance in 2016 is expected to increase further.

 
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Written By

Smiti works as a senior solar engineer at a reputed engineering and management consultancy. She has conducted due diligence of several solar PV projects in India and Southeast Asia. She has keen interest in renewable energy, green buildings, environmental sustainability, and biofuels. She currently resides in New Delhi, India.

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