Distribution of green bonds issuance in Europe 2023, by issuer type

In 2023, the biggest green bond issuers in Europe were sovereign states, followed by non-financial corporates, and financial corporates, accounting for around 80 percent of total green bonds issued. Green bonds are fixed income securities which finance investments with environmental or climate-related benefits. The investments can be targeted at new or existing projects for renewable energy, energy efficiency, sustainable waste management, sustainable land use, efficient buildings, clean transportation, sustainable water management, or climate change adaptation.