However, the asset class saw its share of the broader bond market increased to more than five per cent in emerging markets outside of China, the highest seen so far. "Looking ahead, the long-term outlook for GSSS bond issuance in emerging markets remains robust, underpinned by increasingly competitive renewable energy technologies and ongoing commitments by governments and investors in Europe and Asia," said Susan M. Lund, vice-president of economics and private sector development at IFC, and Yerlan Syzdykov, global head of emerging markets at Amundi, in a press release. Read: Challenges for institutional investors around green bonds