September 23, 2021 |
Latin America has witnessed a surge in green financing since 2019 as investors have responded favorably to efforts by governments and companies to issue more green bonds, the Climate Bonds Initiative (CBI) said in a report to be issued on Friday.
The stock of green bonds grew to $30.2 billion at the end of June this year from $13.6 billion in September 2019 as the share of bonds with maturities longer than 10 years rose to 30% from 14%, according to CBI.
The sales of green, social and sustainab
Issuers in Chile, Brazil and Mexico represent more than three-quarters of the amount raised since 2019, CBI says