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    Home > Chemicals Industry > International Chemical > Global sustainable financing reached $247 billion in 2018

    Global sustainable financing reached $247 billion in 2018

    • Last Update: 2023-01-01
    • Source: Internet
    • Author: User
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    According to the latest data from BloombergNEF, global sustainable financing related to environmental and/or social welfare totaled $247 billion
    in 2018.
    The U.
    S.
    leads the way, almost entirely because state-backed mortgage provider Fannie Mae issued $19.
    8 billion worth of green housing loans
    .

    The $19.
    8 billion in financial assistance from Fannie Mae's green mortgage-backed securities spurred countries to once again lead the global sovereign green bond, totaling $45.
    4 billion.

    Fannie Mae's green mortgages are connected to homes built with green building certificates or modified to reduce water and energy use
    .
    China is the world's second-largest issuer of green bonds, with $25.
    5 billion.

    According to data compiled by BloombergNEF, global sustainable finance continued its upward trend in 2018, with U.
    S.
    government-backed mortgage provider Fannie Mae once again winning praise for its green home loans
    .

    Since the introduction of green bonds (financing instruments with environmental and/or social benefits) since 2007, the number of sustainable financing products for investors has increased every year, and last year was no exception
    .

    According to BloombergNEF, $247 billion worth of sustainable financing was generated globally in 2018, with the issuance of green bonds significantly reduced
    due to the proliferation of alternative sustainable finance products.

    While the number of green bonds issued in 2017 grew by only 5% to US$182.
    8 billion, this figure is up 68%
    from the previous 12 months.
    According to BloombergNEF, the number of sustainability-related loans increased 677% year-over-year to $36.
    4 billion.

    Like the €4 billion credit line secured by French energy company EDF in November, the variable costs of sustainability-related loans will rise or fall
    as borrowers perform in sustainability.

    France also cited in the BloombergNEF announcement its continued issuance of green sovereign debt instruments to raise funds
    for environmental and social projects.

    Last year, Belgium and Ireland joined the list of countries using such debt instruments, and Aiman Mallah, a sustainable finance research analyst at BloombergNEF, dismissed concerns that
    much of any government's funding needs are seen as having a social purpose.

    "These governments are raising debt to meet national and international environmental goals, particularly those for climate change mitigation and adaptation," the analyst said
    .

    According to the latest data from BloombergNEF, global sustainable financing related to environmental and/or social welfare totaled $247 billion
    in 2018.
    The U.
    S.
    leads the way, almost entirely because state-backed mortgage provider Fannie Mae issued $19.
    8 billion worth of green housing loans
    .

    Sustainable financing

    The $19.
    8 billion in financial assistance from Fannie Mae's green mortgage-backed securities spurred countries to once again lead the global sovereign green bond, totaling $45.
    4 billion.

    Fannie Mae's green mortgages are connected to homes built with green building certificates or modified to reduce water and energy use
    .
    China is the world's second-largest issuer of green bonds, with $25.
    5 billion.

    According to data compiled by BloombergNEF, global sustainable finance continued its upward trend in 2018, with U.
    S.
    government-backed mortgage provider Fannie Mae once again winning praise for its green home loans
    .

    Since the introduction of green bonds (financing instruments with environmental and/or social benefits) since 2007, the number of sustainable financing products for investors has increased every year, and last year was no exception
    .

    According to BloombergNEF, $247 billion worth of sustainable financing was generated globally in 2018, with the issuance of green bonds significantly reduced
    due to the proliferation of alternative sustainable finance products.

    While the number of green bonds issued in 2017 grew by only 5% to US$182.
    8 billion, this figure is up 68%
    from the previous 12 months.
    According to BloombergNEF, the number of sustainability-related loans increased 677% year-over-year to $36.
    4 billion.

    Like the €4 billion credit line secured by French energy company EDF in November, the variable costs of sustainability-related loans will rise or fall
    as borrowers perform in sustainability.

    France also cited in the BloombergNEF announcement its continued issuance of green sovereign debt instruments to raise funds
    for environmental and social projects.

    Last year, Belgium and Ireland joined the list of countries using such debt instruments, and Aiman Mallah, a sustainable finance research analyst at BloombergNEF, dismissed concerns that
    much of any government's funding needs are seen as having a social purpose.

    "These governments are raising debt to meet national and international environmental goals, particularly those for climate change mitigation and adaptation," the analyst said
    .

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