China is world’s fastest growing green bond market

It may surprise no one that China has caught up with some of the world’s most established markets when it comes to green finance – it is now the second largest green bond market after the US and before France, according to the Climate Bonds Initiative and its analysis of what should be considered green. It is still quite something to see that, last year, it grew by the largest amount among all: $44.4bn.

In a recent report published jointly with China Central Depository and Clearing Research Centre, the CBI found $68.2bn worth of Chinese green bonds aligned with both Chinese and the organisation’s green definitions in 2021, for a cumulative total of $199.2bn.