'Milestone': Record $210bn of certified climate bonds issued worldwide in 2021

The global green bonds market sent yet more records tumbling last year, as total issuances under the Climate Bonds Standard reached an all-time high of $210bn throughout 2021, helping to unlock a wave of fresh investment in the accelerating net zero transition.

The latest milestone was announced by the Climate Bonds Initiative yesterday, which said bonds, loans, and other debt instruments certified under its most rigorous science-based scheme had now been issued by over 220 businesses, financial firms, and governments across 40 countries worldwide.

Green bonds meeting the standard must ensure their revenues are invested in projects consistent with the Paris Agreement’s 2C global warming pathway, so that issuers “genuinely contribute to addressing climate change”, the UK-based bonds tracking agency said.

Data released yesterday by the group shows the largest share of proceeds from climate bonds certifications worldwide last year went towards low carbon transport projects, which made up 39

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