New shades of green bonds seen as market set to double again

London

GREEN bonds are starting to come in many different shades as the size of the market for securities designed to benefit the environment is on track to double again.

Those are two of the conclusions that emerged from the industry's biggest annual gathering last week in London. Issuance may surge to US$206 billion this year from US$93 billion in 2016, according to Moody's Corp.

As more bonds are issued by a wider variety of institution, investors are starting to track exactly how green those securities rea…