Global Green Bond Market Crossed The Trillion Dollar Threshold

Global Green Bond Market Crossed The Trillion Dollar Threshold The global green bond market has crossed the trillion dollar threshold. The size of the market exceeded $1 trillion with the support of the record jump in September. The global green bond market has risen above the $1 trillion threshold after record sales in September. According to data released by BloombergNE, total sales in environmentally friendly securities have seen a rapid jump over the past few years, including sales of over $200 billion this year and a 12 percent increase in the last nine months of 2019. This happened as more firms and countries turned to green securities for the first time to fund projects for net growth. "Integration of environmental, social and governance criteria has never been more important for investors than in 2020," said Maia Godemer, BNSF sustainable finance business partner. Godemer also said, "These types of financing will not only grow in volume in the coming years, we will see additional innovation as well." Green bonds issued to support environmental projects that are facing increasing demand due to concerns over the need to curb the expansion in climate change. In September alone, the first exports in Germany exceeded $50 billion, including the exports of the trio of auto manufacturers, including Volkswagen AG, and sales of JPMorgan Chase & Co., the largest bank in the US in terms of assets.