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Green bond issuance seen at USD 300bn in 2020 - Moody's

Dollars in green. Author: 401(K) 2012.

February 4 (Renewables Now) - The issuance of green bonds is expected to hit USD 300 billion (EUR 271.3bn) in 2020, according to a new report by Moody's Investors Service.

In total, green, social and sustainability bond issuance is seen to jump 24% on the year to USD 400 million, including USD 25 billion of social and USD 75 billion of sustainability bonds. Moody's expects this year issuance in the social and sustainability bond markets to become more diversified in terms of sector and region.

"Across the financial sector, market participants are increasingly integrating environmental, social and governance (ESG) considerations and sustainability," said Matthew Kuchtyak, Analyst at Moody's, adding that authorities are also bringing greater clarity to the sustainable finance market.

The credit rating business of Moody’s anticipates accelerated growth in issuance from alternative sustainability-themed labels like transition bonds, but notes that it may be uneven over the near term because of the current lack of definitional clarity.

(USD 1.0 = EUR 0.905)

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