International green bond market set to strengthen
Monday, September 9, 2019
Subject
Green bonds.
Significance
The worldwide green bond market is on track for a strong 2019 on the back of improved market conditions and a disappointing performance last year. Sales of green bonds in August surpassed 150 billion dollars for the first time ever.
Impacts
- Green bonds will help countries meet climate targets by making economies and financial systems more environmentally friendly.
- The green bond market will benefit from increasing support from trade groups and stock exchanges.
- Many green bond issues have been oversubscribed, suggesting investor demand may outstrip supply in the coming years.