China has been the dominating figure in the “green” bonds around the globe for the last two years. This is an indication that they are trying to take on a larger role to contain climate change. By the end of November 2017, China was the leader in the green bond issuance with their 66 deals that raised $24.89 billion.
As Alban de Fay, a portfolio manager at Amundi Asset Management, said “China is one of the countries most exposed to pollution, particularly air pollution. Following the Paris 2015 United National Climate Change Conference, they have shown keenness to fight climate change.”