Green bonds are similar to other bonds except that the money raised through their issuance must be targeted towards green projects. Renewable energy is among the largest beneficiaries of green bond financing.
Green bonds are a relatively new financial instrument, having emerged less than a decade ago.
Although still a tiny fraction of the $100tr global bond market, the value of green bonds being sold is surging as a range of investors – from institutional players like pension funds to wealthy families concerned about climate change – look to put their money to work in a way that helps the environment.
In
