The credit ratings agency points to sustainable finance policies “in place or under development” in a number of jurisdictions in the region.
Sustainable bond issuance in the Asia Pacific region has been growing steadily after nearly tripling in 2021 to US$194 billion, reaching record highs of US$219 billion in 2022 and US$234 billion ($313.5 billion) in 2023.
A growing focus on transition finance will be a hallmark of the region in 2024, underpinning continued strong issuance, according to a Jan 24 report by Moody’s Investors Service.
