PwC: Green bonds to make up 50% of EU issuance by 2026

GSS bonds form 50% of issuance by 2026

The popularity of green bonds is so high in Europe that they will make up close to 50% of new bond issuance by 2026, data from PwC reveals.

This forecast would see European Green, Social, and Sustainability (GSS) bond issuance increase from €500bn (£420bn) to around €1.4trn to €1.6trn in the next four years, going through what PwC calls a "high-growth scenario". The growth of European GSS bonds has already been rising significantly during the past three years, increasing seven-fold during that time, from €30bn (£25.3bn) to €500bn. The data comes from PwC's survey across investors, asset managers and current and potential issuers. Among those polled, 88% said they would be increasing their GSS bonds allocation in the comin...