Asean's green finance takes root

GREEN finance is widely discussed as global policymakers continue their push for more sustainable and efficient energy sources in an era of growing concerns over climate change. Consequently, green bonds, which are bonds that fund environmentally friendly businesses and assets, have emerged as one of the key financing mechanisms driving the global economy's transition to a greener future.

Green bonds in numbers

2016 was a record year for green/sustainability bonds. Globally, the market saw some US$86 billion worth of issuances - more than double the US$42.2 billion issued in 2015. With the growth in volumes, the market also saw shifts in issuer profiles.