The green bonds market has trebled in size this year, with the Climate Bonds Initiative reporting the market has $34.3 billion in issues. The news comes as The Peoples Bank of China chief economist Ma Jung this week released a report on developing green financing and green bonds for China that maps out the mechanisms for the massive development challenges facing the nation to be potentially tackled with the assistance of climate-friendly finance models.

The report is the result of a series of working groups that have included Climate Bonds Initiative chief Sean Kidney and Simon Zadek, co-director of the United Nations Environment Programme Inquiry into the Design of a Sustainable Financial System.

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