Asia's green bonds are making waves

Author: | Published: 27 Mar 2018

2017 was a record year for green bonds, as total value reached $155 billion, with a growing number of issuances coming from Asia. China contributed $36.4 billion to the total, just after the US and France. India however was only in ninth place in spite of very ambitious renewable energy targets. The majority of issuances came from banks, which were responsible for 74% of total issues.

A big motivating factor has been the Paris climate agreement (the so-called COP 21 agreement) which came into force in November 2016. Countries that signed the agreement must aim to meet a maximum target of greenhouse...