The market for green bonds has risen from USD 3 billion in 2011 to USD 95 billion in issuance in 2016. For policy makers, the report proposes a framework for understanding potential directions of bond market evolution, increased convergence of rules and definitions, and quantitative analysis of the potential contribution that bond markets can make to a low-carbon transition.
This report describes the development of the green bond market as an innovative instrument for green finance and provides a review of policy actions and options to promote further market development and growth. The report provides an overview of global green bond market developments to date, barriers to growth, policy tools that can be applied to scale the market further, and quantitative scenarios for green bond market growth from 2015 to 2035.