November 16 (Renewables Now) - Green bond issuance so far in 2017 is surpassing USD 100 billion (EUR 84.7bn) with the help of a new bond by China Development Bank, the Climate Bonds Initiative announced Wednesday.
China ranks first in the top 10 national green bond issuance in 2017 to date. Then come France, the US, Germany, the Netherlands, Sweden, Mexico, Spain, India and Canada. The table below contains total issuance by country between January 1 and November 16, 2017 and the names of the three largest national green bond issuers.
|Top 10 nations||Issuance in USD billion||Top 3 issuers|
|China||16.64||China Development Bank, Bank of Beijing, ICBC|
|France||15.05||Republic of France, Engie, SNCF|
|USA||14.01||New York MTA, Fannie Mae, Apple Inc|
|Supranational||9.52||EIB, IFC, Asian Development Bank|
|Germany||7.02||KfW, Innogy, Deutsche KreditBank AG|
|Netherlands||4.38||Tennet, NWB Bank, Obvion|
|Sweden||4.13||Swedbank, Nordea Bank, SEB|
|Mexico||4.0||Mexico City Airport|
|Spain||3.9||Iberdrola, Gas Natural Fenosa, Adif Alta Velocidad|
|India||3.38||Greenko, IREDA, Azure Power|
|Canada||2.99||TD Bank, Export Development Canada, Province of Ontario|
The CBI expects the total issuance for 2017 to reach USD 130 billion. This is up from USD 81.6 billion of green bonds in 2016.
(USD 1 = EUR 0.85)