Green Bonds to Top $200 Billion in 2017
If there were any question about the continuing momentum of the move to clean energy despite the fossil-fuel friendly attitude of the new administration, Moody’s just provided a strong answer. The rating agency now projects that green bond issuance worldwide could top $200 billion in 2017. That number would double that of 2016, a record $93.4 billion, according to Reuters. Historically, Moody’s reports that green bond issuance has increased every year between 2011 and 2015 by an annual average of 163 percent. The growth is being driven by the increasing numbers of pension funds and money managers who are being asked to invest in socially responsible assets, and by China’s need for huge sums to effectively reduce pollution in that country. If money talks, these figures are shouting.
John Howell, Editorial Director
ReportAlert: Novartis publishes Corporate Responsibility Performance Report for 2016.