The green bonds boom is only growing in size. Today, rating agency Moody’s reported that green bond issuance hit a record high in the third quarter of this year demonstrating the expanding demand for ethically-labeled fixed-income instruments from investors. [munger] Green bonds were created to fund projects that have positive environmental and climate benefits with the majority of bonds issued use of proceeds” or asset-linked bonds. Proceeds from these bonds are earmarked for green projects but are backed by the issuer’s entire balance sheet. According to the Moody’s report, $32.7 billion of green bonds were issued globally in the three months to…
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