Another strong quarter for issuances of green bonds has taken the year’s total up to $32 billion, more than double the total issued during 2013, and fuelling predictions that 2015 could see $100 billion worth of green bonds issued.
Data from the Climate Bond Initiative published Tuesday claimed $9.2 billion green bonds were issued in the third quarter.
“The league table shows that Crédit Agricole, BAML and SEB were the main drivers of the growth of the ‘labelled’ market in the last quarter that saw 28 green bonds issued,” said Climate Bonds Initiative CEO Sean Kidney. “We predict USD100 billion of issuance in 2015 and green bonds to go mainstream in 2016.”
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