A study from TheCityUk and BNP Paribas found that global green financing has risen dramatically over the last decade. Global green financing are environmentally-friendly projects, and they have grown more than 100 times.
According to Reuters, there’s been a huge jump in insurance, which underscores the efforts of governments and corporations to lower carbon emissions and fulfill climate goals.
“The data showed green bonds accounted for 93.1% of total green finance globally between 2012 and 2021. In 2021, global green bond issuance stood at $511.5 billion, compared with $2.3 billion in 2012. China and the U.S. accounted for 13.6% and 11.6% of the green bond issuance between 2012 and 2021, the data showed. They were followed by France and Germany, with about 10% each of the issuance of green bonds during the period.”
Overall, Green Finance has experienced a huge rise in the total finance market — it was about 4% in 2021 and only 0.1% in 2012.
The number of publicly-traded companies involved in green activities also grew exponentially.
It was 401 in 2012 and 669 in 2021.
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