ING forecasts higher sustainable finance issuance in 2026
ING Wholesale Banking forecast global sustainable finance issuance at $1.62 trillion in 2026, above 2025 following a modest 2025 decline.
Global sustainable debt issuance excluding ABS reached $846 billion in H1 2026, within the $800 billion-$900 billion range seen since 2022.
EMEA led activity, with public-sector issuance at $245 billion in H1, up 50% year over year; financial institutions rose 36% year over year.
US issuance fell about 40% versus 2024 and 2025, with data centers, renewables, and related infrastructure driving volumes despite policy uncertainty.
Green bonds and green loans are expected to make up near 60% of 2026 issuance; sustainability-linked issuance dropped 54% year over year to just over $60 billion in H1.
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