The market for green bonds — proceeds of which are used for projects with perceived positive environmental benefits — tripled in 2014.
Hot market: Although it accounts for less than 1% of the fixed-income universe, green-bond volume has grown significantly.
Who's on top? Large development banks accounted for the majority of sales last year.
Issuer landscape: Development banks account for the majority of the universe, followed by corporations and municipalities.
Returns not so rosy: This young, niche asset class will need to improve its risk-reward profile to attract more investor flows.
Sources: Bloomberg LP; Climate Bonds Initiative; S&P Dow Jones Indices
Compiled and designed by Timothy Pollard and Gregg A. Runburg
