Reports

  • Nigeria - State of the Market

    Nigeria was the first nation to issue a Climate Bonds Certified Sovereign green bond back in 2017.  

  • Oportunidades de Investimento em Infraestrutura Verde — Brasil 2019 | Green Infrastructure Investment Opportunities - Brazil 2019

    O relatório Oportunidades de Investimento em Infraestrutura Verde — Brasil 2019 relaciona o atual estado do mercado brasileiro de finanças sustentáveis e o progresso de projetos de infraestrutura verde no Brasil.

  • Comparing China’s Green Definitions with the EU Sustainable Finance Taxonomy (Part 1)

    This briefing provides a preliminary analysis on China's Green Bond Endorsed Project Catalogue, the Green Industry Guiding Catalogue and the EU Sustainable Finance Taxonomy in terms of their guiding principles, users, classification and screening criteria. The aim is to identify the differences in green definitions across Europe and China and facilitate the harmonisation process. 

  • New Zealand green bonds and infrastructure 2019

    Despite New Zealand’s small size and population, it has emerged as a global leader on climate action with its aggressive policies and ambitious climate targets. New Zealand’s green financial market is adopting global best practice to shift New Zealand to a financial system that supports sustainable social, environmental and economic wellbeing. 

  • Green Infrastructure Investment Opportunities Australia 2019

    Green infrastructure presents a huge investment opportunity across the world, with an estimated USD100tn worth of climate/compatible infrastructure required globally by 2030 to meet Paris Agreement emissions reduction targets.

    This report builds on the inaugural Green Infrastructure Investment Opportunities Australia and Zealand (GIIO) report released August 2018. 

  • Australia Green Finance State of the Market 2019

    Australia green finance state of the market 2019 update calculates Australia cumulative green bond issuance to 30 June: AUD15.6bn, 10th in cumulative global country rankings, 3rd in the Asia-Pacific region behind China (USD91.5bn) and Japan (USD12.4bn).

    Annual 2018 issuance: AUD6.0bn (2017: AUD3.3bn), 9th in 2018 annual global country rankings 

  • Germany: Green Finance State of the Market - 2019 update | Deutschland: Grüner Finanzmarkt – Lagebericht 2019

    Germany: Green Finance State of the Market - 2019 update provides a detailed overview of recent developments in the German green bond market. It analyses the developments in the private and public sector for industries with green growth prospects, including energy, low carbon buildings, transport and automotives. It also identifies climate-aligned issuers that are already financing green assets.

  • Japan - Green finance state of the market 2018 | 2018年グリーンファイナンス市場動向

    Japan green finance state of the market 2018 is a detailed overview of the Japanese green bond market. It analyses the developments in the private and public sector for industries with green growth prospects, including low carbon property, transport, forestry and paper and manufacturing. It also identifies climate-aligned issuers and public sector issuers that are already financing green assets.

    Key Figures

  • China Green Bond Market 2018

    The third annual China Green Bond Market 2018 report analyzes the key developments in the world’s second largest market, focusing on green bond issuance, policy development and wider market growth. According to the paper, at the end of 2018, total green bond issuance from China reached USD42.8bn (CNY282.6bn), representing a 12% increase year-on-year, cementing the country’s position as the second largest green bond market in the world.

  • 中国绿色债券市场2018

    第三份中国绿色债券市场报告,对此全球第二大绿色债券市场2018年的关键发展进行了分析,聚焦绿色债券发行情况、相关政策制定和更广泛的市场增长。

  • Canada green finance state of the market - 2018

    The Climate Bonds Initiative just released the Canada green finance state of the market – 2018 update, which was sponsored by Smart Prosperity and Addenda Capital, who also provided the French translation. The study provides an overview of the latest green bond market trends as of end of December 2018, identifies potential debut issuers from the climate-aligned universe and lays out policy considerations for 2019 and beyond.

  • Hong Kong Green Bond Market Briefing 2018

    The Hong Kong Green Bond Market Briefing 2018 provides an overview of the booming market bolstered by policy support and incentives and growing momentum from the private sector.

    It examines a range of green bond deals from domestic issuers and also analyses emerging market dynamics from a broader perspective.

    The Climate Bonds Initiative's first Hong Kong Briefing Paper was produced in partnership with HSBC, and supported by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Green Finance Association.

     

  • Can green bonds finance Brazil’s agriculture? | Os títulos verdes podem financiar a agricultura brasileira?

    Brazil is a top agricultural producer and various financing programmes for agriculture and agribusiness have been introduced, including for low carbon agriculture. However, the use of green bonds has been limited to sustainable forestry and paper. Opportunities exist, but a more concerted effort in promoting and supporting green financing is required. Aggregation of small loans and receivables can help the market scale up.

     

  • Australia & New Zealand Green Finance Briefing

    The Australia and New Zealand Green Finance Country Briefing analyses green bond issuance to date in Australia and New Zealand. The report finds that 100% of issuances have received an external review with 85% Certified Climate Bonds, demonstrating best practice in the market.

  • Green Infrastructure Investment Opportunities Australia and New Zealand

    Investing in green infrastructure helps Australia and New Zealand to reach their current climate targets and the potential ratchet up of international emissions goals. 

  • India Country Briefing - July 2018

    Total Indian green bond issuance: USD6.5bn, 11th in global country rankings

    Green bond market growth expected from Energy, Transport and Building sectors as well as ABS. 

    Key takeaways:

  • Securitisation as an enabler of green asset finance in India

    Securitisation, which is the process of transforming a pool of financial assets (for example, mortgages or lease receivables) into tradable financial instruments, has great potential to mobilise institutional capital at scale.

  • GREEN INFRASTRUCTURE INVESTMENT OPPORTUNITIES INDONESIA

    The Climate Bonds Initiative has launched the Green Infrastructure Investment Opportunities (GIIO) Indonesia report at Indonesia's first ever Green Finance Summit at the Indonesian Stock Exchange in Jakarta today.

  • The Green Bond Market in Europe

    The Green Bond Market in Europe

    The Climate Bonds Initiative just released a new report examining the latest green bond market developments in Europe both at a regional and country level.

  • France Green Bond Market: Overview & Opportunities

    France Green Bond Market:  Overview & Opportunities

  • Korea Climate Bond Market Overview and Opportunities

    Korea Climate Bond Market Overview and Opportunities

  • Nordic and Baltic Public Sector Green Bonds

    The Climate Bonds Initiative has published a comprehensive study on the Nordic and Baltic Public Sector Green Bonds, exploring the contribution of sub-national public sector entities to green finance in selected Northern European countries. The study was conducted with the support of the UK Foreign & Commonwealth Office.

  • The Green Bond Market in the Nordics

    The Climate Bonds Initiative just published their first report examining the Nordic green bond market. It covers Denmark, Finland, Iceland, Norway and Sweden, and was commissioned by Handelsbanken.

  • China Green Bond Market 2017

    The Climate Bonds Initiative and the China Central Depository & Clearing Co. Ltd (CCDC) just published their China Green Bond Market 2017 report, supported by HSBC. This is the second annual flagship publication reviewing China’s progress on green bond issuance, policy development and market growth.

  • Bonds and Climate Change: Canada Report 2017

    The Canada Edition marks specific highlights and emerging trends from the current year, and identifies opportunities for developing the green bond market.

  • Edição Brasil: Títulos de Dívida & Mudanças Climáticas - Análise de Mercado 2017

    O mercado brasileiro de títulos verdes já ultrapassou 11 bilhões de reais emitidos por empresas nacionais, desde junho de 2015 (quando a BRF inaugurou este mercado) até setembro de 2017, foram emitidos 9 títulos verdes brasileiros, cinco deles no mercado internacional.

  • Auf Deutsch: Deutsche Green Bonds - Update und Chancen

    Die Climate Bonds Initiative hat in Zusammenarbeit mit der Deutsche Börse Group einen neuen Report veröffentlicht, der den wachsenden deutschen Green Bond Markt analysiert.
    Aktuell ist der deutsche Markt der viertgrößte Emittent von Green Bonds weltweit nach China und der zweitgrößte in Europa nach Frankreich.

  • Bonds and Climate Change – State of the Market 2017 India Update

    This is the April 2017 Update of the June 2016 publication of the Bonds and Climate Change 2016: India Edition. India remains in the top 10 of labelled green bonds issuance, with a total of USD 3.2bn issued as of April 2017. Indian issuers also continue to be a world example of best practice, with an increasing number of bonds being Certified under the Climate Bonds Standard.

  • China Green Bond Market 2016

    This report, which was produced jointly by Climate Bonds and China Central Depository & Clearing Co. Ltd. (CCDC).

  • The Canadian Bonds & Climate Change 2015

    The Canadian edition of the report 'Bonds & Climate Change - The State of the Market in 2015'  is an in depth analysis of the climate-themed bonds market's size in Canada.

  • Bonds and Climate Change 2016: India Edition

    This report analyses the blooming Indian green bond market. As of October 2016, the Indian market represents the 7th largest green bond issuer worldwide, with a total issuance of USD 2.7bn.

  • Bonds and Climate Change 2016: Canada Edition

    This is a special supplement to the Bonds and Climate Change: The State of the Market global report . It marks specific highlights from the current year, emerging trends, and identifies specific opportunities for market development of green bonds in Canada. 

  • Bonds and Climate Change 2016: France Edition

    This report contains the latest data from both the labelled and unlabelled green bond markets, alongside an overview of the action the French government is taking to grow the national market.

  • Bonds and Climate Change 2016: Chinese Version

    The reports reveals China is the largest country of issuance in the climate aligned universe.

  • Títulos Verdes e Mudança Climática: Edição Brasileira

    A edição brasileira, publicada em português e em inglês, analisa todos os títulos verdes e climáticos no mercado brasileiro entre 1º de janeiro de 2005 e 31 de maio de 2016.

  • Roadmap for China's green bond market

    This 2016 series of discussion papers is issued by the Climate Bonds Initiative and the International Institute for Sustainable Development (IISD) on prospects for the Chinese green bond market.