Media Release
Green Issuance Surpasses $ 100 Billion mark for 2019
First time Milestone is Reached in First Half
TEG to Open New Pathways Towards First $1 trillion says Climate Bonds

LONDON: 25/06/2019 10:00 BST: Green bond issuance has surpassed the USD100bn mark for 2019.
“This is the first time this key milestone has been reached in the first half the year,” said Climate Bonds
CEO Sean Kidney. Climate Bonds expects that the impact of the EU TEG process will help open the 2020s
path towards the vital first trillion in annual green finance investment.
The USD100bn benchmark was first met in November 2017 during COP23 and in mid-September in 2018.
Several bonds that settled late last week and three deals which settled on 24th June (Alliander – EUR300m[USD342m] Vattenfall – EUR500m [USD569m] and Korea Electric Power Corp – USD1bn) havetaken Climate Bonds market data figures on cumulative labelled green issuance for 2019 to USD106.7bn,
well over the USD100bn mark.
Forecasts for final annual issuance in 2019 range from USD180bn through to USD240 bn to USD250bn.
“Reaching USD100bn in green issuance for the 3rd time and so early in the year is welcome; however, theglobal climate finance challenge is to reach a USD 1 trillion in annual green investment early in the 2020s.
The EU TEG process, in particular the EU Taxonomy opens new pathways to achieve this critical climate
investment goal,” Mr Kidney said.
“The common definitions that the EU Taxonomy provide across broad sectors of the real economy, opens
the door to brown-to-green transition of corporate assets and capex programs, and for banks andinsurance companies to sizeably increase the availability of green capital. It also provides pension fundswith the increasing confidence of their role as long term supporters of the leaders in this economy wide
shift towards zero carbon.”“With the EU Taxonomy’s reach initially encompassing Manufacturing,Agriculture,Transport,Buildings,Electricity generation,Water, Waste & ICT, increased green bonds, green loans and green equity
funding can be directed towards mitigation, resilience and adaptation.”“Over the next few years, we would expect to see European nations cement their place in the Top 15 ofglobal green bond issuers as the combination of the TEG outcomes, TCFD compliance and institutional
investor expectations collectively influence transition-based investment and capital allocation decisions.”<Ends>For more information:
Andrew Whiley,
Head of Communications and Media,
Climate Bonds Initiative+44 (0) 7914 159 838
andrew.whiley@climatebonds.net

Notes for Journalists:1

About the Climate Bonds Initiative: The Climate Bonds Initiative is an investor-focused not-for-profit,
promoting large-scale investment in the low-carbon economy. More information on our website here.
EU TEG: On 18thJuneThe EU Technical Expert Group (TEG) launched its proposed EU Taxonomy, an EU
Green Bond Standard and low-carbon benchmarks. The measures aim to promote capital investment inenvironmental solutions in Europe and globally.
Climate Bonds CEO Sean Kidney has been a civil society representative on the EU HLEG and subsequent
TEG and a Climate Bonds team have contributed to a range of other TEG activities.
Green Bond Issuance 2019:Green Bond Issuance 2019:The three largest corporate bonds issued to datein 2019 have been from Engie at EUR1.5bn (USD1.7bn), LG Chem at USD 1.6bn, the Industrial andCommercial Bank of China (ICBC) and MidAmerican Energy, both at USD 1.5bn. The largest Sovereign
green bond issued in 2019 to date has been a Climate Bonds Certified issuance from the Netherlands at
EUR6bn (USD6.7bn).
USD 100 billion Green Bond Issuance Milestones 2017-19
Year2017
20182019$100bn Mark inIssuance
November
SeptemberJune

Annual Green Issuance: (InitialFigure) – Adjusted Final Figure(USD 154.886) USD162.7bn(USD 163.665) USD169.6bn
Forecast: USD 180-250bn

Top 15 National Green Bond Issuance YTD June 2019

Correction and Clarification:
A previous version of this Media Release had the Engie bond listed at USD 1.7bn. The correct
denomination and figure are EUR 1.5bn (equiv. to USD1.7bn). Climate Bonds apologises for any confusion
this error may have caused.
Figures for annual green bond issuance in 2017 and 2018 reflect Climate Bonds initial calculations as atDecember 31 each year and reported in early January and the adjusted figure reflects final assessment &calculations reported at end Q1 of the new year.

2Disclaimer: The information contained in this communication does not constitute investment advice in any form
and the Climate Bonds Initiative is not an investment adviser. Any reference to a financial organisation or debt
instrument or investment product is for information purposes only. Links to external websites are for
information purposes only. The Climate Bonds Initiative accepts no responsibility for content on externalwebsites.
The Climate Bonds Initiative is not endorsing, recommending or advising on the financial merits or otherwise ofany debt instrument or investment product and no information within this communication should be taken assuch, nor should any information in this communication be relied upon in making any investment decision.
Certification under the Climate Bond Standard only reflects the climate attributes of the use of proceeds of adesignated debt instrument. It does not reflect the credit worthiness of the designated debt instrument, nor its
compliance with national or international laws.
A decision to invest in anything is solely yours. The Climate Bonds Initiative accepts no liability of any kind, for
any investment an individual or organisation makes, nor for any investment made by third parties on behalf of
an individual or organisation, based in whole or in part on any information contained within this, or any other
Climate Bonds Initiative public communication.

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