Record US$30b in green bonds seen this year: S&P

London

COMPANIES could issue a record US$30 billion in so-called "green bonds" this year, but further growth in the market will depend on developments in China and common standards, Standard & Poor's Rating Services said on Monday.

Proceeds from green bonds are typically used on projects to cut greenhouse gas emissions, adapt to climate change, increase energy efficiency or expand the use of renewable energy. The bonds are mainly issued by development banks and corporates such as utilities and real estate companies.