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Bailey McCann, Opalesque New York:

Green bond issuance is poised to tick up this year despite a recent rise in anti-ESG rhetoric.

Data from S&P Global shows that green bond issuance declined significantly in 2022, with a 25.6% decline in overall bond supply. Globally, issuers sold $443.72 billion worth of green bonds in 2022, down from $596.30 billion in 2021, according to data from the Climate Bonds Initiative, a U.K.-based green debt tracker.

A number of factors are spurring new issuance. Earlier this week Brazil announced that it would do its first-ever green bond issuance this year. The news comes as that country works to change policies from the previous generation that failed to take environmental considerations into account. The details are still being ironed out but a Reuters report suggests that the new issues could go toward sustainable agriculture projects or projects focused on the energy transition.

China's reopening could also spur an uptick in issuance. According to data from S&P Global, China was the top green bond issuer last year. The country also issued new green bond guidelines in July that are designed to harmonize China's issuance with green bonds in other jurisdictions. These guidelines could make it ......................

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