A market update from the Climate Bonds Initiative (Climate Bonds) has revealed that aligned Green, Social, Sustainability, Sustainability-Linked and Transition (collectively GSS+) finance volumes passed the $4trillion mark in H1 2023, reaching a combined $4.2trillion.
This first half of the year saw USD448bn of aligned GSS+ debt captured in H1 2023, a 15% year-on-year (YoY) decline compared to H1 2022. Despite a difficult macroeconomic and geopolitical terrain slowing issuance in the last two years, the market is on track to hit $5trillion combined issuance at the end of the year.
