Australia has maintained its top 3 position in the green bond Asia Pacific region market, with the banking sector acting as an underlying driver of both market growth and innovation

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The report Green Finance State of the Market Australia 2019 launched in Sidney on Tuesday by the London based Climate Bonds Initiative, places Australia with USD11.6bn of green bonds issued to end June, third in the Asia-Pacific region behind China (USD91.5bn) and Japan (USD12.9bn).

Source: Climate Bonds

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