COP22 Finanzas Verdes: Hacia dónde va el mercado de bonos verdes

This briefing by the Climate Bonds Initiative, produced for COP22, analyzes the growth and governance of the green bond market. It highlights the shift toward private sector issuance, the increasing role of emerging markets like China, and the necessity of reaching USD 1 trillion in annual green emissions by 2020 to support Nationally Determined Contributions (NDCs) under the Paris Agreement.

• The green bond market experienced rapid growth between 2013 and 2016, with annual emissions quadrupling from 2013 to 2015 and reaching a total of USD 81 billion in 2016.
• Capital flows in the green bond market are heavily concentrated in mitigation, with approximately 75% of proceeds funding clean energy, energy efficiency, and low-carbon transport. Within clean energy, wind and solar projects are the primary recipients of investment.
• Funding for climate adaptation has increased from less than 1% of total emissions in 2011 to 5% in 2016, driven largely by US municipalities investing in water systems and stormwater infrastructure.
• The private sector has become the dominant force in the market; emissions from companies and banks rose from less than 1% in 2010 to 66% of total emissions by 2016.
• China is projected to be the largest green bond market in the world, having been the first emerging market to issue listing guidelines for green bonds.
• The Climate Bonds Initiative sets a target of USD 1 trillion in annual green emissions by 2020 to facilitate the reallocation of capital necessary to meet the goals of the Paris Agreement and NDCs.
• Market governance relies on voluntary process guidelines like the Green Bond Principles (GBP) and the Climate Bonds Standard, the latter of which adds sector-specific scientific criteria and a certification model.

APA

Climate Bonds Initiative (n.d.). COP22 Finanzas Verdes: Hacia dónde va el mercado de bonos verdes. https://www.climatebonds.net/files/documents/publications/758a1056-3005-4917-a63d-94b80fabebbf.pdf

Chicago

Climate Bonds Initiative. COP22 Finanzas Verdes: Hacia dónde va el mercado de bonos verdes. n.d. https://www.climatebonds.net/files/documents/publications/758a1056-3005-4917-a63d-94b80fabebbf.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=COP22 Finanzas Verdes: Hacia dónde va el mercado de bonos verdes |url=https://www.climatebonds.net/files/documents/publications/758a1056-3005-4917-a63d-94b80fabebbf.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiativendcop22, author = {{Climate Bonds Initiative}}, title = {{COP22 Finanzas Verdes: Hacia dónde va el mercado de bonos verdes}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/documents/publications/758a1056-3005-4917-a63d-94b80fabebbf.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }