Evolution of the Green Bond Market

A few weeks ago, Martina Macpherson wrote the blog post The Rise of Green Bonds, in which she provided an overview and outlined some of the drivers behind their recent increase in issuance.  Indeed, green bond issuance ramped up significantly in 2016, and the accelerated pace is expected to continue this year.  Total issuance of bonds labeled as green in 2016 amounted to USD 92.9 billion, nearly doubling the size of the green bond market from the previous year (see Exhibit 1).

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