Green bonds recent trends
In this article, we look at the trend in exchange-traded green bonds in the past year. The data is available on the WFE Statistics Portal, while the indicators are defined in our Definitions Manual. For questions or feedback about this article, please contact the WFE Statistics Team at [email protected]
Green bonds are fixed income securities issued by corporations or governments to raise funds for new and existing projects with positive environmental outcomes.
The number of green bonds listed in the world markets in Q3 2025 reached 2,028, which represents a 2.3% increase on Q2 2025 as seen in Figure 1. While the APAC and EMEA regions went up 4.4% and 1.4%, respectively, the Americas remained constant.
Most green bonds are listed in the EMEA region (69%), followed by APAC (29.3%), while the Americas region accounts only for 1.7%.
Figure 1: Number of green bonds listed by region between May 2021 and Nov 2025. The dotted line shows the global linear trend.
Figure 1 shows the steady increase in the number of listings on aggregate.
With regards to green bonds new listings, these amounted to 355 in the first three quarters of 2025, declining 0.3% when compared to the same period in 2024. This was due to the EMEA region which decreased 9.6%, while in APAC region rose 25.3%.
Most of the green bonds new listings took place in EMEA (56.8%), while the rest took place in APAC region (Figure 2).
Figure 2: Green bonds new listings between May 2021 and Nov 2025
Regarding green bonds value traded, it amounted to 1.4 billion USD in Q3 2025, representing a 20.2% rise due to the APAC region, while the Americas and EMEA regions declined 94.7% and 9.9%, respectively.
It is worth noting that the value traded is dominated by the APAC region, which has 97.6% share, while the Americas and EMEA regions account for 1.3% and 1.1%, respectively. The value traded is also a very volatile indicator, with months of high value followed by months of almost zero value traded (Figure 3). The chart also indicates irregular peaks that do not correspond directly to trends in listings, highlighting liquidity concentration in specific markets.
Figure 3: Green bonds value traded by region between May 2021 and Nov 2025
With regards to capital raised, this amounted to 186.1 billion USD in the first three quarters of 2025, representing a 17.9% decrease compared to the same period in 2024. This outcome was due to the EMEA region declining 25.7%, while the Americas and APAC regions rose 33.2% and 8.3%, respectively.
Regionally, 72.5% of the capital was raised on EMEA markets, 18.9% on markets in the Americas region, while APAC accounted only for 8.5% (as shown in Figure 4).
Figure 4: Capital raised with green bonds between May 2021 and Nov 2025
In the four years period showed in the charts we observe a positive trend in the number of green bonds listed, new listings and the capital raised, suggesting more funds are being directed towards the improvement of environmental issues.
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[1] The full WFE 11th Annual Sustainability Survey is available on our website https://www.world-exchanges.org/our-work/articles/wfes-11th-sustainability-survey