China’s green-bond issuance hits record US$70.3 billion in 2025

China’s green-bond market surged past Western peers in 2025, issuing approximately US$70.3 billion of certified or aligned green bonds — accounting for over 17 % of global issuance. By contrast, the U.S. market contributed only about 3 %. The boom reflects Beijing’s aggressive push into renewables, storage and hydrogen capacity as part of its energy-transition strategy, whereas ESG fatigue has set in elsewhere. Analysts say the trend highlights China’s dominance in sustainable finance and suggests other regions may struggle to keep pace in terms of green-debt growth.