Green bond issuance surpasses $100 billion so far this year

Global green bond issuance has surpassed the $100 billion mark already this year, the first time the milestone has been reached in the first half of this year, the Climate Bonds Initiative said on Tuesday. Green bonds are a growing category of fixed-income securities, which raise capital for projects with environmental benefits.
Although green bonds make up a small fraction of the overall bond market, they are attracting more attention because meeting emissions-cut targets will need trillions of dollars of capital from public and private sectors. Cumulative green bond issuance has reached nearly $107 billion, according to the Climate Bonds Initiative, a London-based non-profit which promotes investment in the low-carbon economy.
Issuance has now reached $100 billion three times - the last time was in September 2018. Forecasts for the final amount of issuance this year range from $180 billion to $250 billion. "Reaching $100 billion in green bond issuance for the third time and so early in the year is welcome.