Global green bond issuance picked up pace in Q2, and total aligned issuance worldwide reached USD76.9bn for H1 2018. With USD9.3bn worth of green bonds aligned with international green bond definitions, China represents 12% of the global market over this period. Total issuance from China was USD13bn, but USD3.7bn is not aligned. The H1 2018 green bond volume from Chinese issuers shows a 14% increase year on year, primarily driven by strong momentum from the private sector.