NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Friday, February 9, 2018

Global green bond issuances are likely to surge by 60 per cent to a record $250 billion this year, with India and China leading the emerging markets in this space, says a Moody’s report. “We expect global green bond issuance to eclipse $250 billion in 2018, a more than 60 per cent increase over the $155 billion of green bonds issued in 2017,” Moody’s investor service report said.

“Developed market banks and corporates will remain active issuers, with emerging market issuers, sovereigns and municipals, and green secularisations providing important engines of growth,” it added. Further, the report observed that China and India “will be the leaders among emerging markets”.

“Growth in aggregate issuance will be supported primarily by China and India, which have accounted for a combined $53 billion of issuance since the inception of the green bond market,” it said, adding that issuances will increase in other emerging countries as governments look to implement green finance policies.

Photo courtesy of Satish Krishnamurthy.