Green bonds have passed their biggest milestone yet, with more than $1 trillion issued since these securities first emerged in 2007, according to research company BloombergNEF (BNEF). They are the longest standing and most heavily used instrument in the sustainable debt market, which covers a range of fixed-income products offering environmental and social benefits. More than $200 billion worth of green bonds which are used to finance the pursuit of environmental projects and activities, from wind farms to wastewater management have been issued in 2020 thus far. This represents a 12% increase compared with the first nine months of 2019. “For much of this year, green bond issuance has lagged behind 2019. But the bumper month in September, with more than $50 billion issued, offers hope of a possible boom in the last quarter of the year,” said Mallory Rutigliano, a sustainable finance analyst at BNEF.

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