Connect with us

Hi, what are you looking for?

CleanTechnica

Green Economy

Green Bonds Issuance Estimated At $70 Billion This Year

2016 is expected to be yet another blockbuster year for the global green bonds market.

Moody’s estimates that the cumulative issuance of labelled green bonds will hit $70 billion this year. After taking a lead in the global renewable energy market, China is also likely to dominate the green bonds market, which is expected to drive the total issuance to an all-time high.

The labelled green bonds market already had its best quarter ever in Q1 2016 when $16.9 billion worth of bonds were issued. China had an overwhelming share in this issuance. With $7.9 billion raised, China overtook the United States as the largest player in the green bonds market.

Moody’s had projected a total issuance of $50 billion in 2015 while the actual issuance was just over $42 billion.

A report of Moody’s from last year had suggested that the new wave of green bonds issuances would be led by emerging markets like China and India.

Several Chinese banks have been directed to issue green bonds to raise cheaper funds to finance clean energy and energy efficiency infrastructure. The Chinese central bank announced a quota system for banks and financial institutions to float green bonds and raise up to 300 billion Yuan (over US$45 billion).

Similarly, in India, several public and private sector companies are planning to raise funds through green bonds to fund the highly ambitious renewable energy capacity addition programs.

 
 
 
Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

An avid follower of latest developments in the Indian renewable energy sector.

Comments

You May Also Like

Biofuels

At the coal face of a conference that involved governmental figures, academics, logistics customers and OEMs, the detailed technical conversations are almost all about...

Climate Change

I urge people thinking about Flyvbjerg's work who are asking themselves, "But what about this critically important aspect of project success?," to not assume...

Batteries

But pledged investments can still be lost to America unless the EU ramps up incentives for the EV supply chain.

Climate Change

Absurdly predictable. Absurdly well predicted. Absurdly impactful. Ignored by virtually everyone. Gray rhino. But climate change isn't a gray rhino risk anymore. 

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.