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Sustainable Debt Outlook 2026: Higher issuance with changing compositions

Global sustainable finance (excluding asset-backed securities, or ABS) is set to regain growth in 2026, surpassing the slight slowdown in 2025. We ended last year with a total issuance of US$1,539bn, a modest drop from the US$1,668bn in 2024, but still comfortably above the dip in 2023. For 2026, we expect a rise once more, with issuance landing around US$1,621bn. This is still shy of the record 2021 figure, and long-term growth remains non-linear, but the market is showing resilience. […]