Green bond issuance in 2018 is expected to hit $185bn (€160bn), according to a forecast from Nordic bank SEB.
However, the bank also warned that macroeconomic concerns such as Brexit and international trade tensions could stall new issuance in the short term.
SEB reported in a July market update that $47bn was raised through green bonds in the second quarter of 2018, the second-highest quarterly figure on record. This followed a weaker first quarter figure of $36bn.
However, the bank recorded just $4bn of new issuance in July, down “at least 40%” compared with July 2017.