With more than 82 issuances from 27 countries, totalling $36.13bn in the first quarter of 2019, this is the best start since for the green bond market since 2013. This is up 17% from the same period last year, demonstrating investors’ appetite for ethically labelled bonds.
Analysis from global law firm Linklaters published today, shows that the US is the largest source of green bonds so far this year with 14 issuances worth $9.2bn, followed by France with 5 issuances totalling $4.8bn The start of this year also saw Poland return to the green bond market, with a $2.5bn.
Fig One: Green bond market by country over Q1 2019
Green bonds are used to finance renewable power and other environmentally friendly opportunities, including clean energy, renewables and infrastructure projects.