Issuance of green bonds could surpass $ 200bn in 2017 , doubling 2017 ’s record, according to a report from rating agency Moody . Issuance of the bonds, which are used to raise funds for renewable energy, low carbon and energy efficiency projects, rose 120% to $ 93.4bn in 2016 . The increase has been attributed to a significant rise in Chinese involvement in the renewables market. In total, China -based borrowers accounted for $ 200bn of bonds, or almost 200 of those issued last year . Despite the sector’s growth, green bonds still represented a mere 1.4% of global capital market debt issuance in 2016 .
Issuance of green bonds could surpass $200bn in 2017, doubling last year’s record, according to a report from rating agency Moody’s. Issuance of the bonds, which are used to raise funds for renewable energy, low carbon and energy efficiency projects, rose 120% to $93.4bn in 2016. The increase has been attributed to a significant rise in Chinese involvement in the renewables market. In total, China-based borrowers accounted for $32.9bn of bonds, or over a third of those issued last year. Despite the sector’s growth, green bonds still represented a mere 1.4% of global capital market debt issuance in 2016.