Green bonds are often associated with funding of renewable energy projects, but they are not widely utilized by industry players. In fact, they make up only 1.9% of the total amount issued by corporates in Bloomberg's Fixed Income Database. Renewable energy companies have issued green bonds in 27 countries. Surprisingly, the number of green bonds issued is highest in Malaysia. This market is unique, featuring exclusively Islamic bonds issued in the local currency, even by multinational corporations. When directly comparing issuers in Germany and Malaysia, Malaysian bonds appear to pose comparatively lower risks compared to respective government bonds in this specific issuance class.

PCAF initial data analysis

My First Quarto Document