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    Home > Chemicals Industry > International Chemical > Global green bond issuance reached a record high of US$269.5 billion in 2020

    Global green bond issuance reached a record high of US$269.5 billion in 2020

    • Last Update: 2023-01-03
    • Source: Internet
    • Author: User
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    Global green bond issuance reached a record $269.
    5 billion by the end of last year and could reach $400 billion to $450 billion in 2021
    , according to a report by the Climate Bonds Initiative (CBI) on Monday.

    CBI believes that although issuance set a new record in 2020, this figure is slightly higher than the total of $266.
    5 billion in 2019, as issuance slowed in the second quarter due to the impact of the coronavirus crisis and then rebounded
    in the third quarter.

    "In 2020, the impact of COVID-19 proved to be a significant economic and social negative impact
    ," the report said.
    In this context, the resilience of the green financial market led to a record year
    of issuance.
    A sustained recovery
    is likely in 2021.

    Supporting factors for this year's green bond issuance include US President Joe Biden's intention to return the country to the international Paris Agreement to combat climate change, and growing concern
    among investors and policymakers about decarbonizing the industrial sector.

    Although green bonds represent a small percentage of the overall debt market, they are a cause for concern because achieving emissions reduction targets will require trillions of dollars of money from both the public and private sectors
    .

    The report notes that the United States issued the most green bonds in 2020, with a total value of $51.
    1 billion, followed by Germany with $40.
    2 billion and France with $32.
    1 billion.

    The proceeds from green bonds are mainly used for investments in the energy sector, followed by low-carbon buildings and low-carbon transportation
    .

    Global green bond issuance reached a record $269.
    5 billion by the end of last year and could reach $400 billion to $450 billion in 2021
    , according to a report by the Climate Bonds Initiative (CBI) on Monday.

    Green bonds

    CBI believes that although issuance set a new record in 2020, this figure is slightly higher than the total of $266.
    5 billion in 2019, as issuance slowed in the second quarter due to the impact of the coronavirus crisis and then rebounded
    in the third quarter.

    "In 2020, the impact of COVID-19 proved to be a significant economic and social negative impact
    ," the report said.
    In this context, the resilience of the green financial market led to a record year
    of issuance.
    A sustained recovery
    is likely in 2021.

    Supporting factors for this year's green bond issuance include US President Joe Biden's intention to return the country to the international Paris Agreement to combat climate change, and growing concern
    among investors and policymakers about decarbonizing the industrial sector.

    Although green bonds represent a small percentage of the overall debt market, they are a cause for concern because achieving emissions reduction targets will require trillions of dollars of money from both the public and private sectors
    .

    The report notes that the United States issued the most green bonds in 2020, with a total value of $51.
    1 billion, followed by Germany with $40.
    2 billion and France with $32.
    1 billion.

    The proceeds from green bonds are mainly used for investments in the energy sector, followed by low-carbon buildings and low-carbon transportation
    .

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