Mubasher: Green bond sales declined in the third quarter of the year by 30% compared with the previous quarter, and by 18% compared with the same period last year.

Sales of the environmentally-friendly finance plateaus stagnated after years of growth reaching $31.6 billion in Q3-18, according to a recent report by Moody’s Investors Services

The year-to-date total sales are in line with the same nine months of last year, when issuers sold $110bn of green bonds, the Financial Times reported.

Although Moody’s originally forecast that total green bond sales this year would reach a total $250bn, it has revised its prediction to between $175 and 200 billion.