Green bonds issuance 2010-2016 ytd. Source: Climate Bonds Initiative (www.climatebonds.net)
Green bond issuance so far in 2016 has reached USD 78 billion (EUR 74.6bn) and the full-year figure will double that of 2015, says the Climate Bonds Initiative (CBI).
When Chinese green bonds of USD 12 billion that are not fully consistent with international definitions are added to the calculation, year-to-date issuance reaches USD 90 billion. Non-Chinese labelled green bond issuance stands at USD 55 billion, which is also above the USD 41.6 billion total recorded for 2015.
According to the CBI, the big stories of this year have been emerging markets acceleration from China, India beginning to move, and exciting developments in Africa and Latin America.
Speaking of Chinese contribution, the CBI lauded the recently announced CNY-30-billion (USD 4.3bn/EUR 4.1bn) green bond by China's Bank of Communications (SHA:601328) -- the largest green bond issued in a single transaction. Proceeds will go for energy saving, clean energy and transportation, ecological protection and adaptation, and resources conservation and recycling.