América Latina e Caribe: Análise de mercado das finanças verdes 2019

The green bond market in Latin America and the Caribbean (LAC) is growing, with USD 12.6 billion issued since 2014. Brazil, Chile, and Mexico dominate the market, with Chile leading the region in sovereign green bond issuance. While energy is the most funded sector, LAC shows a higher proportion of funding for land use and industry compared to global trends. The report highlights significant opportunities for growth in sustainable agriculture and the 'blue economy' (ocean-based resources), while noting that public sector entities and financial institutions have substantial untapped potential for future green issuances.

• The Latin America and Caribbean (LAC) green bond market has seen a strong recovery in 2019, with first-half emissions totaling USD 3.7 billion, which is three times the amount recorded in the first half of 2018.
• Brazil is the largest green bond issuer in the region, accounting for 41% of total emissions to date, followed by Chile at 25% and Mexico at 14%.
• Chile is the only country in the region to have issued sovereign green bonds, launching two Certified Climate Bonds in June and July 2019 to fund low-carbon transport and other green projects.
• Energy is the most funded sector in the LAC region, accounting for half of all green bond resources, primarily for wind and solar projects.
• Land use and industry represent a significantly higher share of green bond allocations in LAC compared to the global market, with land use primarily consisting of certified forests and paper, especially in Brazil.
• Hard currencies, particularly the US Dollar, dominate the market, with 82% of LAC emissions denominated in hard currencies and 70% specifically in USD.
• Private placements are more popular in LAC than globally, representing 20% of issuance value and 27% of the number of bonds, often facilitated by multilateral development banks like the IFC and IDB.
• Agriculture remains one of the least funded sectors globally and in LAC; only 2% of total emissions in the region are related to agriculture, with only two specific green products issued for agriculture/aquaculture in October 2018.
• The 'blue economy' presents significant opportunities for the region, particularly in the Caribbean, where nations like Barbados have created a Ministry for Maritime Affairs and the Blue Economy.
• Post-issuance disclosure is generally high among larger issuers, with 88% of the issued amount having available disclosure, though there is a gap between corporate and public sector reporting.

APA

Climate Bonds Initiative (2019). América Latina e Caribe: Análise de mercado das finanças verdes 2019. https://www.climatebonds.net/files/documents/publications/5a30b131-a604-499a-8b88-a2efae41fd60.pdf

Chicago

Climate Bonds Initiative. América Latina e Caribe: Análise de mercado das finanças verdes 2019. 2019. https://www.climatebonds.net/files/documents/publications/5a30b131-a604-499a-8b88-a2efae41fd60.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=América Latina e Caribe: Análise de mercado das finanças verdes 2019 |date=2019 |url=https://www.climatebonds.net/files/documents/publications/5a30b131-a604-499a-8b88-a2efae41fd60.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019amrica, author = {{Climate Bonds Initiative}}, title = {{América Latina e Caribe: Análise de mercado das finanças verdes 2019}}, institution = {Climate Bonds Initiative}, year = {2019}, url = {https://www.climatebonds.net/files/documents/publications/5a30b131-a604-499a-8b88-a2efae41fd60.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }