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

The green bond market experienced rapid growth between 2013 and 2016, with total emissions reaching USD 81 billion in 2016. The market is increasingly dominated by the private sector, with corporate and bank emissions rising from less than 1% in 2010 to 66% in 2016. While mitigation projects—specifically clean energy, energy efficiency, and low-carbon transport—receive approximately 75% of funds, financing for adaptation grew from less than 1% in 2011 to 5% of total emissions, driven largely by US municipalities. China emerged as a leading market, projecting to be the largest globally. To support the Paris Agreement, the Climate Bonds Initiative targets annual green bond emissions of USD 1 trillion by 2020. The document recommends that governments implement national capital mobilization plans, apply international standards like the Green Bond Principles and Climate Bonds Standard, and develop national verifier networks to reduce market friction and prevent greenwashing.

• The green bond market grew rapidly from 2013 to 2015, with annual emissions quadrupling. By 2016, the total amount of green emissions reached USD 81 billion.
• The private sector has become the primary driver of the market; emissions from banks and companies increased from under 1% in 2010 to 66% of total emissions in 2016.
• Approximately 75% of proceeds are allocated to mitigation, primarily through clean energy (especially wind and solar), energy efficiency (commercial and residential buildings), and low-carbon transport.
• Financing for climate adaptation has increased from less than 1% of total emissions in 2011 to 5% in 2016, a trend driven mainly by US municipalities investing in water systems and stormwater improvements.
• China is projected to become the world's largest green bond market, with 2016 growth driven by government actions and demonstrative emissions.
• The Climate Bonds Initiative posits that the market must reach USD 1 trillion in annual emissions by 2020 to significantly contribute to the fight against climate change and support NDCs.
• Market governance relies on voluntary guidelines like the Green Bond Principles (GBP) and the Climate Bonds Standard, which adds scientific and sector-specific criteria to prevent greenwashing.

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} }