Latin America & Caribbean - Green finance state of the market 2019

Thursday, 19 September, 2019
LAC Green Finance

This publication contains a detailed analysis of the green finance market in Latin America and the Caribbean since the first green bonds issued in the region in 2014.

In 2019, the issuance of green bonds in Latin America and the Caribbean stood at USD 4.6 bn,  compensating the fall in 2018, and bringing the total issuance to USD 13.6 bn.

According to the report, Brazil is the largest market for labelled green bonds, followed by Chile and Mexico. The projects that benefit the most from the issuance of green bonds are those of 'sustainable energy', followed by those related to 'Land use' and 'industry'. It is expected that future emissions will include sectors with opportunities for sustainable development in the region, such as ocean related activities.

Future issuance by non-financial companies is expected to come from companies dedicated to sustainable water management, renewable energy, and public transportation.

Greater issuance by governments and financial institutions could boost the market, especially if combined with the support of public policies and initiatives of the stock exchanges.

Type of document: 
Reports and studies