More than $100 Billion in green bonds
Green bonds allow local firms, governments and global organizations to offer ethical opportunities for progressive investors to earn competitive returns, while providing funding for clean energy projects. Estimates from White & Case, an American legal firm, combined with data from Moody’s, indicates that total investment in green bonds went from $800 million in 2007 to $50 billion in 2016.
A year later Moody’s reported that “Total green bond volumes for the first nine months of the year hit $94.5 billion, a 49% increase over the $63.2 billion of issuance during the first nine months of 2016.” In 2017 the World Bank reported that green-labelled bonds had grown to $118 billion and that climate-friendly projects were funded by another $576 billion in unlabled bonds.