(Agence Ecofin) – Green bond issues on emerging markets helped mobilize $ 52 billion in 2019; a figure up 21% compared to the performance in 2018. This is mainly reflected in the Emerging Market Green Bond Report, co-published by the fund manager Amundi and the International Finance Corporation, a member of the the World Bank.
This growth was driven by China, which raised $ 34.3 billion. Other issuing countries such as India, Chile, Poland, the Philippines, the United Arab Emirates and Brazil have also made significant issues that have raised a total of $ 18 billion. This participation represents an increase of 200% compared to that of the previous year.
In Africa, South Africa was the largest emitter of green bonds in 2019 with the mobilization of $ 724.2 million. It is followed by Nigeria ($ 106.3 million) and Kenya ($ 41.5 million).
Green bond issues in emerging markets range from $ 1.5 million to $ 2.9 billion. In addition, 60 issues of at least $ 300 million were made; which represents a growth of 25% compared to 2018.
Financial institutions remain the main issuers with 59% of mobilizations. They are followed by non-financial corporations (35%), countries (12%), government agencies (5%) and municipalities (0.1%).
5 new emerging markets issued green bonds for the first time in 2019, bringing the number of emerging markets in which this type of financial instrument has been mobilized to 35.
Gwladys Johnson Akinocho
Also read:
04/14/2020 – Green bonds become safe havens following the Covid-19 crisis
– .
