Global green finance rises over 100 fold in the past decade -study
Reuters
Published Mar 31, 2022 12:54PM ET
(Reuters) - Global green financing, aimed at environmentally friendly projects around the world, has grown over 100 times in the past decade, a new study from the TheCityUK and BNP Paribas (OTC:BNPQY) showed.
Global borrowing by issuing green bonds and loans, and equity funding through initial public offerings targeting green projects, swelled to $540.6 billion in 2021 from $5.2 billion in 2012, according to the research.
TheCityUK is an industry-led body representing UK-based financial and related professional services.
The jump in issuance underscores the growing push from governments and corporations to try to rein in carbon emissions and achieve climate goals.
The data showed green bonds accounted for 93.1% of total green finance globally between 2012 and 2021. In 2021, global green bond issuance stood at $511.5 billion, compared with $2.3 billion in 2012.
China and the U.S. accounted for 13.6% and 11.6% of the green bond issuance between 2012 and 2021, the data showed.
They were followed by France and Germany, with about 10% each of the issuance of green bonds during the period.
The share of green finance in the total finance market was about 4% in 2021, compared with around 0.1% in 2012.
The number of publicly traded companies involved in green activities grew from 401 companies in 2012 to 669 in 2021, the data showed.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.