14 . GREEN BONDS: MOBILISING THE DEBT CAPITAL MARKETS FOR A LOW-CARBON TRANSITION
The geography of the green bond market is expanding and diversifying (Box 8). Green bonds have been issued in 23 jurisdictions, including 20 for domestic and foreign investors, and three for foreign investors only. Green bonds have been issued in 23 currencies and in 14 markets of the G20.
unlabelled green project bonds and ABS totalled about USD 15 billion in 2014 according to CBI/HSBC (2015). In practice less than 2 billion of the 15 billion in ABS included as climate-aligned bonds have been selflabelled as green16 and few project or covered bonds have been labelled as such.
BOX 8: THE GEOGRAPHY OF THE GREEN BOND MARKET
Green bonds have been issued in 23 jurisdictions, including 14 markets of the G20, and in 23 currencies. G20
GBD
Green bonds issued for domestic and foreign investors: Australia; Austria; Canada; China; EU; France; Germany; Hong Kong, China; India; Italy; Japan; Mexico; Netherlands; Norway; Peru; South Africa; Spain; Sweden; the UK and the USA.
GBF G20
GBD
GBF
G20
GBD GBD
For foreign investors only: Brazil, Switzerland, and Chinese Taipei.
G20 markets: Australia, Brazil, Canada, China, EU, France, Germany, India, Italy, Japan, Mexico, South Africa, UK, USA.
GBD
GBF
GBD
G20 GBD G20 GBD GBD G20 G20
G20
G20GBF GBD GBD G20 GBD GBD
G20 GBD
G20 GBD
GBDG20
GBD
GBF
G20 GBD
GBD
G20 GBF
GBD
G20
GBD
G20
Currencies: AUD, BRL, CAD, CHF, COP, EUR, GBP, HUF, IDR, INR, JPY, MXN, MYR, NOK, NZD, PEN, PLN, RMB, RUB, SEK, TRY, USD, ZAR
Australia – Dollar
Brazil – Real
Canada – Dollar
China – Yuan
Colombia – Peso
Eurozone – Euro
Hungary – Forint
India – Rupee
Indonesia – Rupiah
Japan – Yen
Malaysia – Ringgit
Mexico – Peso
New Zealand – Dollar
Norway – Krone
Peru – Nuevo Sol
Poland – Złoty
Russia – Dollar
South Africa – Rand
Sweden – Krona
Switzerland – Franc
Turkey – Lira
UK – Pound
USA – Dollar