5 steps to $5trillion by 2025

The green bond market has quickly expanded to pass USD2tn by the end of Q3 2022. However, to make a substantive contribution to addressing the stark risks of climate change we need to see at least USD5tn a year of annual issuance from 2025. We have adequate global capital available, and the rapid market growth to date has demonstrated the appetite for capital to move. Climate Bonds sees five collective actions to reach the annual USD5tn per annum. We need to expand, step-up, implement and move rapidly on the points listed in this manifesto.