New instruments, such as green money-market securities in the form of short-term commercial paper, or preferred stock, and a variety of structured as well as securitized transactions, could also drive this expansion, it said. 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. China is also investing heavily into its domestic solar industry, with more than $1tn invested since 2010, including $52bn on rooftops alone.
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. China is also investing heavily into its domestic solar industry, with more than $1tn invested since 2010, including $52bn on rooftops alone.