Reports

  • Latin America & Caribbean: Sustainable Finance State of the Market 2021

    Latin America and Caribbean (LAC): State of The Market 2021

  • Green Bond Pricing in the Primary Market H1 2021

    Green Bond Pricing in the Primary Market H1 2021 is the 12th iteration in the series and monitors the performance of 56 EUR and 19 USD denominated benchmark size green bonds with a total value of USD75.9bn issued between January and June 2021. 

     

    Highlights from Q1-Q2 2021

  • Sustainable Debt Highlights H1 2021

    Total volumes for labelled Green, Social and Sustainability (GSS) bonds, Sustainability-linked bonds (SLB) and Transition bonds reached nearly half a trillion (USD496.1bn) in the first half of 2021.

    This amount represents 59% year-on-year growth in the GSS market from the equivalent period in 2020. It also sets the labelled sustainable debt market on track to reach another record high by end December.

    Cumulative labelled issuance now stands at USD2.1tn at end H1 2021.

  • Green Bonds in South Africa: How green bonds can support South Africa's energy transition

    South Africa has a huge opportunity - to be the first coal-based economy in the global south to make a successful transition to a low carbon economy, particularly in the energy sector. With its aging fleet of coalfired power stations , it must build more energy generation capacity both to offset coal closures and to meet the growing demand for energy.

  • Sustainable Debt: North America State of the Market 2021

    This report is Climate Bonds’ first stand-alone State of the Market report for North America, encompassing established green markets and the expanding social and sustainability labels. 

  • Climate Investment Opportunities: Climate-Aligned Bonds & Issuers 2020

    Climate Investment Opportunities: Climate-Aligned Bonds & Issuers 2020 report provides a comprehensive analysis of the global unlabelled climate-aligned bond market, which consists of investment opportunities that extend beyond the thematic bond market. These instruments are identified via a proprietary methodology developed by Climate Bonds.

  • Brazil Briefing: Agriculture Sustainable Finance State of The Market

    The Brazil briefing on the Agriculture Sustainable Finance State of The Market provides an analysis of how labeled bonds are currently used to finance sustainable agriculture projects, assets and activities in the country. According to the study, green bonds account for 84% of the Brazilian sustainable debt market, with a cumulative total of USD 9 billion issued by February 2021. Next are sustainability bonds with USD 1.6 billion representing 15% of the total volume. And finally, social bonds with USD 111 million, equivalent to 1% of the market.

  • Análise do Mercado de Financiamento Sustentável da Agricultura no Brasil

    O relatório Análise do Mercado de Financiamento Sustentável da Agricultura no Brasil traz uma análise de como títulos rotulados são atualmente utilizados ​​para financiar projetos, ativos e atividades de agricultura sustentável no país. De acordo com o estudo, os títulos verdes respondem por 84% do mercado de dívida sustentável brasileira, com um total acumulado de USD 9 bilhões emitidos até fevereiro de 2021. Em seguida, estão os títulos sustentáveis com USD 1,6 bilhão representando 15% do volume total.

  • Greater Bay Area - Green Infrastructure Investment Opportunities (GIIO)

    This report highlights green infrastructure investment opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area (the GBA) which consists of nine cities in the Guangdong Province, and two special administrative regions, i.e., Hong Kong and Macao, and is one of the economic growth engines and leading green finance regions in China.

  • Post Issuance Reporting in the Green Bond Market 2021

    This is the 3rd iteration of our Post Issuance Reporting in the Green Bond Market Series.

    Post-issuance reporting on the use of proceeds (UoP) is a core component of the Green Bond Principles (GBP), the Green Loan Principles (GLP) and the Climate Bonds Standard (CBS). Issuers that are effectively reporting on the environmental impacts of funded projects ensure the transparency and accountability underpins the credibility of the green bonds and loans. 

  • Embedding Sustainability into the COVID recovery: A Primer for ASEAN Central Banks

    This Policy Brief examines the possible role ASEAN central banks could play in ‘building back better’ from the COVID-19 pandemic, drawing on international examples of innovative action in both COVID-19 recovery and greening central bank activities.

    This report synthesises best practice on the ‘greening’ of prudential and monetary policies and contextualises these into lessons that can be drawn on by ASEAN Central Banks as they rebuild from the economic impacts of COVID-19.

  • Hong Kong Green Bond Market Briefing 2020

    This is the third iteration of the Hong Kong Briefing Paper, examining a range of green bond and loan deals from domestic issuers and the growing suite of sustainable finance product offerings.

  • ASEAN Sustainable Finance State of the Market 2020

    The ASEAN sustainable finance market maintains rapid growth despite the negative impact of COVID-19, focusing the attention on the need for a sustainable economic recovery. 

    The report outlines regional and national developments covering three overarching debt themes, Green, Social, and Sustainability. Also covered are key policy developments that are anticipated to drive ASEAN’s sustainable finance market.

    Regional highlights

  • Sustainable Debt: Global State of the Market 2020

    Sustainable Debt-Global State of the Market report assesses the scale and depth of the green, social, and sustainability (GSS) debt markets as of the end of 2020. This report is the tenth iteration in our flagship State of the Market series, encompassing established green markets and the expanding social and sustainability labels. 

  • Nordic Sustainable Debt State of the Market 2020

    Nordic Sustainable Debt is the newest in our State of the Market (SotM) series providing an in-depth analysis of Green, Social and Sustainability (GSS) investment in Sweden, Norway, Finland, Denmark and Iceland. 

    The Nordic sustainable bond market has more than quintupled from USD16.5bn since the inaugural Climate Bonds Nordic report of 2018, and including sovereign, NIB and national issuance reached a cumulative USD 88.2bn at the end of 2020. 

  • Green Finance Opportunities in Central America & the Caribbean 2021 / Oportunidades de Financiamiento Verde en Centroamérica y el Caribe 2021

    Sponsored by the Central American Bank for Economic Integration (CABEI), the Green Finance Opportunities in Central America & the Caribbean 2021 report aims to support green investment in the region by facilitating greater engagement between asset owners, investors and developers, as well as to help issuers come to market.

     

  • Japan: Green Finance State of the Market 2020

    Climate Bonds continues its collaboration with Japan’s Green Bond Issuance Promotion Platform, with the release of the third edition of the Japan Green Finance State of the Market report.  The report provides an in-depth overview of the Japanese green bond market and the broader labelled universe, while highlighting opportunities to boost green finance with unlabelled climate-aligned bonds and new policy developments.

  • Green Bond Pricing in the Primary Market H2 2020

    Green Bond Pricing in the Primary Market H2 2020 reveals increasing signs of greenium in both public and private sector bond issuance in the second half of the year including performance of the inaugural German sovereign green Bund of September 2020. 

  • Green Infrastructure Investment Opportunities Malaysia

    This report highlights green infrastructure investment opportunities in Malaysia. It has been prepared to help meet the growing demand for green investment opportunities and to support the country’s transition to a low carbon economy.

    It aims to facilitate greater engagement on this topic between project owners and developers, and institutional investors. Green infrastructure and corresponding green finance instruments are explored in the report, with sector-by-sector investment options presented.

  • Financiando el transporte sustentable en México

    Financiando el transporte sustentable en México

    El Informe Financiando el transporte sustentable en México ofrece una visión general del mercado en crecimiento y oportunidades para canalizar inversiones hacia el transporte bajo en carbono en México y acciones de mitigación que podrían financiarse con bonos etiquetados.

  • Financing low-carbon transport in Mexico

    The Financing low-carbon transport in Mexico brief provides an overview of the growing market and opportunities for channeling investments towards sustainable transport in Mexico and mitigation actions that could be financed with labelled bonds.

  • 绿色、社会和可 持续主权债券: 发展贴标债券市 场的中坚力量

    基于与19个主权债券发行人的对话, 气候债券倡议组织(以下简称“气候债 券”)撰写了全球首份针对绿色、社会及 可持续主权债券(Sovereign green, social, and sustainability (GSS) bond,以下简称“贴标主权债券”)的调 查报告。

  • Sovereign Green, Social, and Sustainability Bond Survey

    Sovereign Green, Social & Sustainability (GSS) bonds contribute to strategic government initiatives surrounding climate, catalyzing local green finance markets and attracting new investors. These and other findings are contained in a first of its kind survey undertaken by Climate Bonds.