Trends in sustainable debt
While sustainable debt issuance has historically been dominated by the Europe, Middle East and Africa region and mostly driven by green bonds from the energy and financial sectors, it has diversified in recent years and is now a global market with a huge range of issuers, thanks to the variety of instruments that have been created since 2007. As part of pv magazine’s UP Initiative quarterly theme on sustainable electricity and corporates’ critical solar role, Maia Godemer, BloombergNEF (BNEF) research associate, discusses this growth and its implications.
In early June 2021, the total sustainable debt market reached $3 trillion of issuance – a milestone since its inception in 2007, when the World Bank issued its first “Climate Awareness Bond.” The most recent trillion dollars of issuance was achieved in just eight months, compared to just under two years from the previous trillion …
Advertisement
Advertisement
Advertisement
Advertisement