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Laxman Pai, Opalesque Asia: The green, social, sustainability, and sustainability-linked bond (GSSSB) market is expected to reach $2,047.6 billion, globally, by 2033 growing at a CAGR of 7.5% from 2024, revealed a study. The GSSSB market was valued at $976 billion in 2023.
"The GSSSB market is expected to witness notable growth owing to a rise in ESG awareness and increase in regulatory support, and policies," said Allied Market Research report.
Moreover, an increase in technological advancements is expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, high transaction costs and economic uncertainty limit the growth of the market.
By type, the green segment accounted for the largest share in 2023, contributing to two-thirds of the market revenue, as governments and corporations accelerated their commitments to net-zero emissions and climate action goals, fueling demand for green financing. Large corporations, financial institutions, and sovereign issuers increased green bond issuances to finance renewable energy, sustainable infrastructure, and low-carbon projects.
Meanwhile, by issuer, the corporate segment accounted for the largest share in 2023, contributing to more than one-fourth of the market revenue. Companies across sectors, especially in energy, manufacturing, finance, and technology, issued green and sustainability-linked bonds to fund decarbonization, energy efficiency, and net-zero in...................... To view our full article Click here
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