Developed as a collaborative research project between S&P Dow Jones Indices (S&P DJI) and Infrastructure Credit Alpha Group LLC (InfraCredit), this paper has been organised with the following objectives in mind:
1. Provide a current overview of the green bond market, including the key trends and drivers underlying its recent growth (Section 1);
2. Highlight the key macro drivers influencing the future of the green bond market, and discuss why this market may evolve into an asset class (Section 2);
3. Discuss why the emergence and evolution of green bond indices may be evidence of market maturation (Section 3); and
4. Introduce S&P Dow Jones Indices’ debut green bond index (Section 4).
![A new Greenpeace International investigation has revealed that Wilmar International, the world’s largest palm oil trader, is still linked to forest destruction for palm oil almost five years after committing to end deforestation.[1]](/media/cache/60/31/6031294923b2f2f2c79d98aa1067204a.jpg)
