Market conditions somewhat improved in 2023 which saw sustainable bond issuance rebound from last year's small slump followed by the record-breaking year of 2021. Sustainable bond issuance in 2023 reached $982 billion. However, as we step into 2024 there are still challenges ahead with macroeconomic backdrop, a high interest rate environment, and spiralling project costs for renewable energy.
Based on historical data on sustainable bond issuance and using an exponential smoothing algorithm, Environmental Finance Data predicts the sustainable bond issuance for 2024.
