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billion of the total – three times the 2016 level. Same direction, different pace – This week saw several steps toward a world in which sustainability is fully integrated into business and investment decisions, but perhaps none more significant than updated evidence and guidance on jurisdictions adopting common disclosure standards.
Sovereigns have been relatively late entrants to sustainable bond markets following corporates and supra-national entities (such as the World Bank and the European Bank for Reconstruction and Development), which issued the first green debt securities in the mid-2000s. We expect more countries to follow.
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