Topic: Green bonds worldwide (2024)

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    • In recent years, increasing awareness towards the risks and challenges posed by climate change has changed attitudes towards investing. New investment standards, such as ESG investing, led to the growth of a number of financial instruments and transparency mechanisms in the financial sector to attract more investments in sustainable and green projects. The green finance movement has grown in popularity in recent years, with investors increasingly interested in making their portfolio more sustainable. Green bonds are fixed income financial instruments issued to fund and develop green projects in various industries, such as renewable energy, clean transportation, waste and water management, among others. Over the last decade, green bonds issuance has increased exponentially, reaching a value of nearly 500 billion U.S. dollars worldwide in 2022 alone and becoming a key instrument to hedge climate change.

    Europe: a green bond leader

    Since their inception in 2007, green bonds have spread rapidly in financial markets around the world. Geographically speaking, it should not come as a surprise that developped economies boast the largest green bond markets. European countries are the leading issuers, with cumulative green bonds issued in Europe amounting to one trillion U.S. dollars. The rapid growth of green bonds has been fueled by green and sustainable plans to transform economies, to improve energy efficiency, and to reduce emissions, just to name a few reasons. European countries - in particular the European Union Next Generation EU fund plan - have pushed this green agenda more than others. In 2021 and in 2022, however, single countries like the United States, and China ranked as the worldwide leaders in green bonds issuance.

    Who is issuing green bonds?

    As regular bonds, green bonds can be issued by different actors. The main advantages of green bonds over regular bonds include securing capital to support environmental and sustainable investments, tax exemptions, lower costs to borrow money, enhancing issuers' reputation, and increasing awareness among investors. Governments and municipalities worldwide are setting an example, using green bonds to finance their ambitious programs to reach carbon neutrality: In 2021, the United Kingdom issued the largest sovereign green bond, worth over 13 billion U.S. dollars.

    This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.

    Published by Statista Research Department, Dec 18, 2023

    Key insights

    Cumulative green bonds issuance worldwide
    2.16tn USD

    Topic: Green bonds worldwide (2)

    Detailed statistics

    Value of green bonds issued worldwide 2014-2022

    Leading region for green bonds issuance
    Europe

    Topic: Green bonds worldwide (3)

    Detailed statistics

    Value of green bonds issued worldwide 2014-2022, by region

    Leading country for green bonds issuance
    United States

    Topic: Green bonds worldwide (4)

    Detailed statistics

    Green bonds issued worldwide 2014-2022, by country

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    Topic: Green bonds worldwide (2024)

    FAQs

    What are the topics of green bonds? ›

    Green Bond Market
    • Affordable Housing.
    • Energy Engineering.
    • Sustainable Building.
    • Energy Efficiency.
    • Climate Change.
    • Energy Conservation.
    • Sustainable Development.
    • Renewable Energy.
    More items...

    View Details ›
    Why are green bonds so important? ›

    Increased Transparency and Accountability

    Since green bonds require significant regulatory reporting on an ongoing basis, there is increased transparency on the use and management of proceeds, thus becoming an additional tool to manage risk.

    Continue Reading ›
    What are green bonds around the world? ›

    World Bank Green Bonds support projects are vetted by World Bank climate and sector specialists and meet specific criteria for development activities that help lower global carbon emissions. World Bank green projects, like all World Bank projects, are designed to reduce poverty and improve local economies.

    Get More Info ›
    What are the 4 principles of green bond? ›

    Green Bond Frameworks Issuers should explain the alignment of their Green Bond or Green Bond programme with the four core components of the GBP (i.e. Use of Proceeds, Process for Project Evaluation and Selection, Management of Proceeds and Reporting) in a Green Bond Framework or in their legal documentation.

    See More ›
    What is a green bond in simple terms? ›

    Green bonds are a type of debt issued by public or private institutions to finance themselves and, unlike other credit instruments, they commit the use of the funds obtained to an environmental project or one related to climate change.

    Read The Full Story ›
    How do green bonds affect the environment? ›

    disclose CO2 data , i.e. 30 percentage points lower than green bond issuers in these sectors. Green bond issuers further display a consistently lower median carbon intensity across sectors and have achieved larger reductions in carbon intensity over time than other firms (RA. 8).

    Get More Info ›
    Do green bonds help the environment? ›

    From the capital allocation perspective, green bonds could substantially ease green financial constraints and offer preferential support for businesses to engage in environmentally friendly initiatives, such as adopting renewable energy production, developing low-carbon technologies, and investing in pollution ...

    Keep Reading ›
    How do green bonds make money? ›

    If a company or government wants to finance a green project, it can issue green bonds to help secure funding. Investors buy the bonds and the company or government pays them back over time with interest.

    Discover More ›
    Who is the largest green bond in the world? ›

    As of January 31, 2023, TIAA-CREF Core Impact Bond Fund was the largest green bond fund world in terms of assets under managemen, with 6.1 billion U.S. dollars worth of assets managed. Second in the ranking came Goldman Sachs Green Bond, with assets under management amounting to over two billion U.S. dollars.

    Get More Info ›
    Which country has the most green bonds? ›

    Green bonds issued in China amounted to over 85 billion U.S. dollars. Second in the ranking came the United States with 64.4 billion U.S. dollars worth of green bonds issued. Germany was third in the ranking and the first European country in the list, having issued 61.2 billion U.S. dollars of green bonds in 2022.

    Find Out More ›

    How effective are green bonds? ›

    The findings suggest that green bonds can help firms finance carbon reductions, but they also indicate that a considerable fraction of green bond financing does not lead to measurable benefits for the environment.

    Explore More ›
    What are the best green bonds? ›

    List of Top 5 Green Bond ETFs in 2021
    • Xtrackers EUR Corporate Green Bond UCITS ETF +USD 145 million.
    • iShares Global Green Bond ETF +USD 124 million.
    • Xtrackers USD Corporate Green Bond UCITS ETF +USD 122 million.
    • Lyxor Green Bond UCITS ETF +USD 75 million.
    • Franklin Liberty Euro Green Bond UCITS ETF+USD 66 million.

    Learn More ›
    Which bank issues green bonds? ›

    SBI's green bond issuance was coordinated and placed by Mitsubishi UFJ Financial Group Inc. The bonds have been listed on the India International Exchange.

    See Details ›
    What is the difference between ESG bonds and green bonds? ›

    ESG bonds refer to any bond with set environmental, social, or governance objectives. This can include everything from affordable housing to improved infrastructure, reduction of racial or gender inequity, or renewable energy. Green bonds specifically focus on issues related to the climate and environment.

    Keep Reading ›
    What are the topics of the Green New Deal? ›

    In 2006, a Green New Deal was created by the Green New Deal Task Force as a plan for one hundred percent clean, renewable energy by 2030 utilizing a carbon tax, a jobs guarantee, free college, single-payer healthcare, and a focus on using public programs.

    Know More ›
    What are the key features of green bonds? ›

    Green bonds enable capital-raising and investment for new and existing projects with environmental benefits. The Green Bond Principles (GBP) seek to support issuers in financing environmentally sound and sustainable projects that foster a net-zero emissions economy and protect the environment.

    Read On ›
    How many types of green bonds are there? ›

    Types of green bonds
    TypeProceeds raised by bond sale are
    "Use of Proceeds" BondEarmarked for green projects
    "Use of Proceeds" Revenue Bond or ABSEarmarked for or refinances green projects
    Project BondRing-fenced for the specific underlying green project(s)
    4 more rows

    Continue Reading ›
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