“The expectation is that Europe will remain the primary region for green bond issuance; with the majority of green bond proceeds to continue to be allocated to the energy, transport, and buildings sectors; and the market may diversify further by country and financing instrument,” according to Forbes.

Related: Adding Quality to High-Yield Bond Conversation

About 10 European countries are represented in GRNB, including a 20.14% weight to French green bonds. An array of factors are supportive of the long-term thesis for green bonds.

“The incredible transformation of the economics of clean energy, combined with increasingly commercial energy storage and efficiency approaches, are fundamentally changing the expectations for what energy and other infrastructure development will look like,” notes Forbes.

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