Green Bonds Market Tops $36.6 Billion, 3 Times 2013

The Green Bonds Initiative has released figures for the green bonds market in 2014, and its good news all around, with $36.6 billion worth of bonds issued by 73 different issuers.

That’s more than three times the figure from 2013.

Speaking to BusinessGreen at the time of the news, Sean Kidney, chief executive of the Climate Bonds Initiative, said that he expected the green bonds market to reach $100 billion in 2015.

[bonds.about.com:]  The first U.S. entity to use this specific term was the Commonwealth of Massachusetts, which in June 2013 sold $100 million of 20-year notes it referred to as “green bonds.” The Commonwealth intends to disclose exactly what projects have been funded with the bonds, providing socially-conscious investors with the means to track how the money is being put to work.  This is an important consideration, since the specifics of what constitutes a “green” investment is obviously open to interpretation.  The issuance proved popular among both individuals and institutions that are compelled, by charter, to dedicate a portion of their cash in green investments.

Read more at Green Bonds Market Tops $36.6 Billion, 3 Times 2013