Some $600bn (€512bn) of green bonds from Asian issuers could be coming investors’ way over the next five years, according to Bank of America Merrill Lynch.

Analysts at the investment bank estimated that, by 2020, China will have issued $55bn of green bonds per year, Japan and India $15bn each, and Australia and South Korea $10bn each.

Promotion

China was expected to provide nearly half of the forecasted $600bn of supply over five years.

The analysts considered there to be good grounds to expect the Asian green bond market to grow at this rate, although they said their forecast could be conservative.