The Europe Green Bonds Market would witness market growth of 9.1% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Green Bonds Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $99,239 million by 2031. The UK market is exhibiting a CAGR of 8.2% during (2024 - 2031). Additionally, The France market would experience a CAGR of 10% during (2024 - 2031).

Corporations like Apple, Google, and Volkswagen have also leveraged these bonds to finance renewable energy projects, electric vehicle (EV) production, and sustainable infrastructure development. With growing investor demand for Environmental, Social, and Governance (ESG) investments, these bonds are vital in accelerating the transition to a low-carbon economy and mobilizing capital for climate action.
The expansion of Islamic finance has led to the rise of Green Sukuk, a financial instrument that integrates Sharia-compliant investments with environmental sustainability. Unlike traditional bonds, Sukuk follows Islamic finance principles, prohibiting interest-based transactions and instead utilizing asset-backed structures.
Several countries in Europe are actively issuing sovereign and corporate green bonds to finance climate-focused initiatives, thereby establishing themselves as a global leader in these bonds. Germany is one of Europe’s largest green bond issuers, with significant funds for sustainable transportation projects. France has leveraged these bonds to finance waste reduction, recycling, and circular economy initiatives, aligning with its National Waste Prevention Plan and Anti-Waste Law for a Circular Economy (AGEC). The country was the first to issue a sovereign green bond in 2017, raising billions to support waste-to-energy programs, industrial recycling projects, and eco-friendly packaging innovations. The United Kingdom has prioritized land conservation, biodiversity protection, and reforestation, using these bonds to finance sustainable land use projects. The UK Green Gilt Program, launched in 2021, has raised billions to support nature restoration, peatland conservation, and afforestation programs under the 25-Year Environment Plan. The Government has also introduced the Nature for Climate Fund, which leverages these bonds to finance carbon sequestration projects and ecosystem restoration. Thus, as governments, corporations, and financial institutions align with net-zero targets and environmental goals, Europe’s green bonds market will remain dominant in global sustainable finance.
Free Valuable Insights: The Global Green Bonds Market will Hit USD 1086.47 Billion by 2031, at a CAGR of 9.6%
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
Europe 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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
TABLE 1 Europe Green Bonds Market, 2020 - 2023, USD Million
TABLE 2 Europe Green Bonds Market, 2024 - 2031, USD Million
TABLE 3 Europe Green Bonds Market by Issuer, 2020 - 2023, USD Million
TABLE 4 Europe Green Bonds Market by Issuer, 2024 - 2031, USD Million
TABLE 5 Europe Corporates Market by Country, 2020 - 2023, USD Million
TABLE 6 Europe Corporates Market by Country, 2024 - 2031, USD Million
TABLE 7 Europe Financial Institutes Market by Country, 2020 - 2023, USD Million
TABLE 8 Europe Financial Institutes Market by Country, 2024 - 2031, USD Million
TABLE 9 Europe Sovereigns Market by Country, 2020 - 2023, USD Million
TABLE 10 Europe Sovereigns Market by Country, 2024 - 2031, USD Million
TABLE 11 Europe Development Bank Market by Country, 2020 - 2023, USD Million
TABLE 12 Europe Development Bank Market by Country, 2024 - 2031, USD Million
TABLE 13 Europe Government Agencies Market by Country, 2020 - 2023, USD Million
TABLE 14 Europe Government Agencies Market by Country, 2024 - 2031, USD Million
TABLE 15 Europe Municipals Market by Country, 2020 - 2023, USD Million
TABLE 16 Europe Municipals Market by Country, 2024 - 2031, USD Million
TABLE 17 Europe Green Bonds Market by Investor Type, 2020 - 2023, USD Million
TABLE 18 Europe Green Bonds Market by Investor Type, 2024 - 2031, USD Million
TABLE 19 Europe Insurance & Pension Funds Market by Country, 2020 - 2023, USD Million
TABLE 20 Europe Insurance & Pension Funds Market by Country, 2024 - 2031, USD Million
TABLE 21 Europe Banks & Bank Treasuries Market by Country, 2020 - 2023, USD Million
TABLE 22 Europe Banks & Bank Treasuries Market by Country, 2024 - 2031, USD Million
TABLE 23 Europe Fund Manager Market by Country, 2020 - 2023, USD Million
TABLE 24 Europe Fund Manager Market by Country, 2024 - 2031, USD Million
TABLE 25 Europe Central Banks & Official Institutions Market by Country, 2020 - 2023, USD Million
TABLE 26 Europe Central Banks & Official Institutions Market by Country, 2024 - 2031, USD Million
TABLE 27 Europe Hedge Funds & Others Market by Country, 2020 - 2023, USD Million
TABLE 28 Europe Hedge Funds & Others Market by Country, 2024 - 2031, USD Million
TABLE 29 Europe Green Bonds Market by Application, 2020 - 2023, USD Million
TABLE 30 Europe Green Bonds Market by Application, 2024 - 2031, USD Million
TABLE 31 Europe Energy Market by Country, 2020 - 2023, USD Million
TABLE 32 Europe Energy Market by Country, 2024 - 2031, USD Million
TABLE 33 Europe Building Market by Country, 2020 - 2023, USD Million
TABLE 34 Europe Building Market by Country, 2024 - 2031, USD Million
TABLE 35 Europe Transport Market by Country, 2020 - 2023, USD Million
TABLE 36 Europe Transport Market by Country, 2024 - 2031, USD Million
TABLE 37 Europe Water Market by Country, 2020 - 2023, USD Million
TABLE 38 Europe Water Market by Country, 2024 - 2031, USD Million
TABLE 39 Europe Waste Market by Country, 2020 - 2023, USD Million
TABLE 40 Europe Waste Market by Country, 2024 - 2031, USD Million
TABLE 41 Europe Land Market by Country, 2020 - 2023, USD Million
TABLE 42 Europe Land Market by Country, 2024 - 2031, USD Million
TABLE 43 Europe Other Application Market by Country, 2020 - 2023, USD Million
TABLE 44 Europe Other Application Market by Country, 2024 - 2031, USD Million
TABLE 45 Europe Green Bonds Market by Country, 2020 - 2023, USD Million
TABLE 46 Europe Green Bonds Market by Country, 2024 - 2031, USD Million
TABLE 47 Germany Green Bonds Market, 2020 - 2023, USD Million
TABLE 48 Germany Green Bonds Market, 2024 - 2031, USD Million
TABLE 49 Germany Green Bonds Market by Issuer, 2020 - 2023, USD Million
TABLE 50 Germany Green Bonds Market by Issuer, 2024 - 2031, USD Million
TABLE 51 Germany Green Bonds Market by Investor Type, 2020 - 2023, USD Million
TABLE 52 Germany Green Bonds Market by Investor Type, 2024 - 2031, USD Million
TABLE 53 Germany Green Bonds Market by Application, 2020 - 2023, USD Million
TABLE 54 Germany Green Bonds Market by Application, 2024 - 2031, USD Million
TABLE 55 UK Green Bonds Market, 2020 - 2023, USD Million
TABLE 56 UK Green Bonds Market, 2024 - 2031, USD Million
TABLE 57 UK Green Bonds Market by Issuer, 2020 - 2023, USD Million
TABLE 58 UK Green Bonds Market by Issuer, 2024 - 2031, USD Million
TABLE 59 UK Green Bonds Market by Investor Type, 2020 - 2023, USD Million
TABLE 60 UK Green Bonds Market by Investor Type, 2024 - 2031, USD Million
TABLE 61 UK Green Bonds Market by Application, 2020 - 2023, USD Million
TABLE 62 UK Green Bonds Market by Application, 2024 - 2031, USD Million
TABLE 63 France Green Bonds Market, 2020 - 2023, USD Million
TABLE 64 France Green Bonds Market, 2024 - 2031, USD Million
TABLE 65 France Green Bonds Market by Issuer, 2020 - 2023, USD Million
TABLE 66 France Green Bonds Market by Issuer, 2024 - 2031, USD Million
TABLE 67 France Green Bonds Market by Investor Type, 2020 - 2023, USD Million
TABLE 68 France Green Bonds Market by Investor Type, 2024 - 2031, USD Million
TABLE 69 France Green Bonds Market by Application, 2020 - 2023, USD Million
TABLE 70 France Green Bonds Market by Application, 2024 - 2031, USD Million
TABLE 71 Russia Green Bonds Market, 2020 - 2023, USD Million
TABLE 72 Russia Green Bonds Market, 2024 - 2031, USD Million
TABLE 73 Russia Green Bonds Market by Issuer, 2020 - 2023, USD Million
TABLE 74 Russia Green Bonds Market by Issuer, 2024 - 2031, USD Million
TABLE 75 Russia Green Bonds Market by Investor Type, 2020 - 2023, USD Million
TABLE 76 Russia Green Bonds Market by Investor Type, 2024 - 2031, USD Million
TABLE 77 Russia Green Bonds Market by Application, 2020 - 2023, USD Million
TABLE 78 Russia Green Bonds Market by Application, 2024 - 2031, USD Million
TABLE 79 Spain Green Bonds Market, 2020 - 2023, USD Million
TABLE 80 Spain Green Bonds Market, 2024 - 2031, USD Million
TABLE 81 Spain Green Bonds Market by Issuer, 2020 - 2023, USD Million
TABLE 82 Spain Green Bonds Market by Issuer, 2024 - 2031, USD Million
TABLE 83 Spain Green Bonds Market by Investor Type, 2020 - 2023, USD Million
TABLE 84 Spain Green Bonds Market by Investor Type, 2024 - 2031, USD Million
TABLE 85 Spain Green Bonds Market by Application, 2020 - 2023, USD Million
TABLE 86 Spain Green Bonds Market by Application, 2024 - 2031, USD Million
TABLE 87 Italy Green Bonds Market, 2020 - 2023, USD Million
TABLE 88 Italy Green Bonds Market, 2024 - 2031, USD Million
TABLE 89 Italy Green Bonds Market by Issuer, 2020 - 2023, USD Million
TABLE 90 Italy Green Bonds Market by Issuer, 2024 - 2031, USD Million
TABLE 91 Italy Green Bonds Market by Investor Type, 2020 - 2023, USD Million
TABLE 92 Italy Green Bonds Market by Investor Type, 2024 - 2031, USD Million
TABLE 93 Italy Green Bonds Market by Application, 2020 - 2023, USD Million
TABLE 94 Italy Green Bonds Market by Application, 2024 - 2031, USD Million
TABLE 95 Rest of Europe Green Bonds Market, 2020 - 2023, USD Million
TABLE 96 Rest of Europe Green Bonds Market, 2024 - 2031, USD Million
TABLE 97 Rest of Europe Green Bonds Market by Issuer, 2020 - 2023, USD Million
TABLE 98 Rest of Europe Green Bonds Market by Issuer, 2024 - 2031, USD Million
TABLE 99 Rest of Europe Green Bonds Market by Investor Type, 2020 - 2023, USD Million
TABLE 100 Rest of Europe Green Bonds Market by Investor Type, 2024 - 2031, USD Million
TABLE 101 Rest of Europe Green Bonds Market by Application, 2020 - 2023, USD Million
TABLE 102 Rest of Europe Green Bonds Market by Application, 2024 - 2031, USD Million
TABLE 103 key information – Deutsche Bank AG
TABLE 104 Key Information – Morgan Stanley & Co. LLC
TABLE 105 key information – JPMorgan Chase & Co.
TABLE 106 key information – Equinix, Inc.
TABLE 107 Key Information – Engie SA
TABLE 108 Key Information – Citigroup Inc.
TABLE 109 Key Information – Abu Dhabi Future Energy Company
TABLE 110 Key Information – HSBC Holdings plc
TABLE 111 Key Information – The Bank of America Corporation
TABLE 112 Key Information – Barclays PLC
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Green Bonds Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Green Bonds Market
FIG 4 Porter’s Five Forces Analysis – Green Bonds Market
FIG 5 Europe Green Bonds Market share by Issuer, 2023
FIG 6 Europe Green Bonds Market share by Issuer, 2031
FIG 7 Europe Green Bonds Market by Issuer, 2020 - 2031, USD Million
FIG 8 Europe Green Bonds Market share by Investor Type, 2023
FIG 9 Europe Green Bonds Market share by Investor Type, 2031
FIG 10 Europe Green Bonds Market by Investor Type, 2020 - 2031, USD Million
FIG 11 Europe Green Bonds Market share by Application, 2023
FIG 12 Europe Green Bonds Market share by Application, 2031
FIG 13 Europe Green Bonds Market by Application, 2020 - 2031, USD Million
FIG 14 Europe Green Bonds Market share by Country, 2023
FIG 15 Europe Green Bonds Market share by Country, 2031
FIG 16 Europe Green Bonds Market by Country, 2020 - 2031, USD Million
FIG 17 Swot Analysis: JPMorgan Chase & Co.
FIG 18 SWOT Analysis: EQUINIX, INC.
FIG 19 SWOT Analysis: Barclays PLC