The green bonds issued by the World Bank in 2008, denominated in Swedish krona (SEK) for a total amount of SEK2.325 billion, in partnership with Scandinavian institutional investors, and having a maturity of six years, is acknowledged as having set the template for sustainable investing globally. The market for such bonds is seen at $914.4 billion by 2030. This is despite the recent hiccup — issuers sold $443.72 billion worth of green bonds in 2022, down from $596.30 billion in 2021, according to data from the Climate Bonds Initiative, a UK-based green-debt tracker.