Climate Bonds Initiative research suggests China’s green debt market is world’s fastest growing

According to the Climate Bonds Initiative (CBI), China is now “the world’s second largest and fastest growing source of green bonds”. The analysis from CBI found that in 2021, 138 organisations issued green debt, of which 94 were debut issuers. Additionally, the use of proceeds information shows a focus on low emission transport, renewables and low emissions buildings. Sean Kidney, CEO, CBI said, “it is with great encouragement we see China embrace green bond markets as it sets sights on rejuvenated climate ambitions. Last year saw a big bounce in China’s green issuance suggesting the nation is moving forward with well-placed belief in the transformative power labelled debt markets.”