Global Green Bond Sales Seen Doubling Beyond $2 Trillion by 2023

Global green bond issuance could surpass $2 trillion in the next three years, according to NN Investment Partners, an asset manager specializing in sustainable investment.

The European Union’s planned green bond standards and issuance from next year, plus further sales from individual governments, are all likely to boost the market. Cumulative global issuance broke through the $1 trillion mark this month.

“In the next couple of years the momentum is expected to accelerate,” said Bram Bos, the firm’s lead portfolio manager for green bonds, on a call with reporters. His expectation for a 2-trillion-euro ($2.36 trillion) market by ...