2016 COP22 Report: Green Bond Directions

Green Bond Directions

This paper was released by the Climate Bonds Initiative in November 2016 ahead of the COP22. The paper outlines growing awareness green bonds as NDC financing tools.


  • Climate finance through the green bond market has grown substantially in 2016, funding both climate mitigation and adaptation efforts. Issuance in 2016 is on track to be more than double that of 2015.
  • Growth in 2016 has been driven by government action and demonstration issuance in China - soon to be the world’s largest green bond market - with other emerging markets growing, including India, Brazil and Mexico.
  • Green bonds are now being seen as a capital raising tool to meet mitigation and adaptation targets set out in the Nationally Determined Contributions (NDCs).

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