2015 Green Bond Market Roundup

The 2015 Green Bond Market Roundup by the Climate Bonds Initiative reports that $41.8 billion in labelled green bonds were issued in 2015. The document highlights growth in market supply driven by policy support, the entry of more corporate and municipal issuers, and expanding investor demand from institutional entities. It also notes an evolution in standards, such as the launch of Climate Bond Standard V2, and an increasing emphasis on reporting and third-party assurance to validate green credentials.

• In 2015, the total value of labelled green bonds issued reached $41.8 billion, continuing an upward growth trend from $37 billion in 2014, $11.5 billion in 2013, and $2.6 billion in 2012.
• The distribution of 2015 green bond proceeds across sectors was led by Renewable Energy at 45.8%, followed by Energy Efficiency (19.6%), Low Carbon Transport (13.4%), Sustainable Water (9.3%), Waste and Pollution (5.6%), Climate Adaptation (4.1%), and Agriculture and Forestry (2.2%).
• The United States became the largest green bond issuing country in 2015, issuing $10.5 billion, which represented one quarter of the total issued amount and was primarily driven by municipal green bonds.
• Europe was the region with the highest number of green bonds, issuing $18.4 billion in 2015. Seven new countries entered the market in 2015: Brazil, Denmark, Estonia, Hong Kong, India, Latvia, and Mexico, collectively adding $3.2 billion.
• Reporting practices are improving, with a majority of issued green bonds providing annual reports. Over 90% of these reports disclosed information regarding climate impacts of projects or assets financed and the allocation of proceeds.

APA

Climate Bonds Initiative (2015). 2015 Green Bond Market Roundup. https://www.climatebonds.net/files/documents/publications/2015-GB-Market-Roundup-03A.pdf

Chicago

Climate Bonds Initiative. 2015 Green Bond Market Roundup. 2015. https://www.climatebonds.net/files/documents/publications/2015-GB-Market-Roundup-03A.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=2015 Green Bond Market Roundup |date=2015 |url=https://www.climatebonds.net/files/documents/publications/2015-GB-Market-Roundup-03A.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative20152015, author = {{Climate Bonds Initiative}}, title = {{2015 Green Bond Market Roundup}}, institution = {Climate Bonds Initiative}, year = {2015}, url = {https://www.climatebonds.net/files/documents/publications/2015-GB-Market-Roundup-03A.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }