North America Green Bonds Market Size, Share & Trends Analysis Report By Issuer (Corporates, Financial Institutes, Sovereigns, Development Bank, Government Agencies, and Municipals), By Investor Type, By Application, By Country and Growth Forecast, 2024 -

The North America Green Bonds Market would witness market growth of 9.3% CAGR during the forecast period (2024-2031).

The US market dominated the North America Green Bonds Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $185,664.9 million by 2031. The Canada market is experiencing a CAGR of 11.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 10.8% during (2024 - 2031).

These bonds are fixed-income financial securities designed specifically to raise money for environmentally beneficial projects. These bonds function like traditional bonds, where an issuer—typically a government, corporation, or financial institution—raises funds from investors with a commitment to repay the principal amount along with interest over a specified period.

These bonds provide a transparent and structured way for investors to support sustainability while earning financial returns. To ensure credibility, issuers often adhere to internationally recognized standards, such as the Green Bond Principles (GBP) established by the International Capital Market Association (ICMA) or the Climate Bonds Standard (CBS) set by the Climate Bonds Initiative (CBI).

North America’s green bonds market continues to expand, fueled by strong policy support, investor interest, and climate action commitments. The United States has emerged as one of the largest issuers of these bonds, with substantial investments directed toward renewable energy projects. In Canada, these bonds are widely utilized to finance sustainable infrastructure and green building projects, aligning with the country’s goal of achieving net-zero emissions by 2050. The Canada Green Bond Program, launched in 2022 by the Government of Canada, has successfully raised billions to fund energy-efficient commercial buildings, retrofitting programs, and sustainable housing developments. Mexico has been utilizing these bonds to finance water conservation and climate adaptation projects in response to the substantial challenges it is encountering due to water scarcity and climate-induced droughts. The Mexico City Green Bond Program, introduced in 2016, has played a critical role in financing sustainable water management systems, flood control infrastructure, and wastewater treatment facilities. Hence, with ongoing policy advancements, technological innovations, and increasing market participation, North America is set to remain a key player in the global green bond landscape.

Based on Issuer, the market is segmented into Corporates, Financial Institutes, Sovereigns, Development Bank, Government Agencies, and Municipals. Based on Investor Type, the market is segmented into Insurance & Pension Funds, Banks & Bank Treasuries, Fund Manager, Central Banks & Official Institutions, and Hedge Funds & Others. Based on Application, the market is segmented into Energy, Building, Transport, Water, Waste, Land, and Other Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Deutsche Bank AG
• Morgan Stanley & Co. LLC
• JPMorgan Chase & Co.
• Equinix, Inc.
• Engie SA
• Citigroup Inc.
• Abu Dhabi Future Energy Company
• HSBC Holdings plc
• The Bank of America Corporation
• Barclays PLC

North America Green Bonds Market Report Segmentation

By Issuer

• Corporates
• Financial Institutes
• Sovereigns
• Development Bank
• Government Agencies
• Municipals

By Investor Type

• Insurance & Pension Funds
• Banks & Bank Treasuries
• Fund Manager
• Central Banks & Official Institutions
• Hedge Funds & Others

By Application

• Energy
• Building
• Transport
• Water
• Waste
• Land
• Other Application

By Country

• US
• Canada
• Mexico
• Rest of North America