Global green bond issuances raised a record $351bn in the first half of 2023.
According to research by Linklaters, there were a total of 1758 sustainable bond products issued in the first six months of 2023 raising $568bn. Of these, green bonds saw 935 green bonds issued raising $351bn, making H1 2023 a record six months. Green bond issuance by banks accounted for the majority of capital raised in H1 at $123bn.
Europe continues to be the largest green bond market with 448 green bonds issued so far this year, raising a total of $190bn.
Ben Dulieu, Capital Markets Partner at Linklaters says, “As the urgency of the climate transition intensifies, so too will scrutiny of sustainable finance products. Greenwashing is at the top of the agenda for regulators across the world and recent developments such as the political agreement on the EU’s Green Bond Standard will aim to bring increased transparency and confidence to the market.