Climate-themed bond issues are showing strong year-over-year growth
- The total universe of bonds in the world now linked to climate themes amount to $346 billion, about double last year’s estimate;
- About $74 billion in new climate-themed bonds were issued in 2012, a year-over-year increase of 25 per cent;
- China leads the pack, accounting for $127 billion. The U.K. and France come in at No. 2 and No. 3;
- The funds raised through the bond issues are going mostly to rail projects, considered a low-carbon transportation alternative and accounting for 75 per cent of the total. Clean energy is second, followed by climate finance.