“Green bond volumes tripled to almost $37 billion year-on-year in 2014 and markets expect issuance to triple again to $100 billion in 2015. However, current standards and levels of accountability remain a concern for investors.” Moody’s Investors Service
“We expect the global green bonds market to continue growing as more issuers with varying credit profiles emerge, especially as countries such as China and India move toward more eco-friendly economies,” says Falk Frey, senior vice president with Moody’s.
As an example, the Moody’s report notes that Yes Bank Ltd., a large commercial bank in India, sold the country’s first green bond in March. Furthermore, the report adds that, at the same time, China’s plan to open its debt capital markets “could increase access to the country’s large domestic savings’ pool and provide transformational opportunities for green bonds.”