700 new funds were launched in 2021 globally to capture the funds that are put into building a better and more sustainable future.

This will be the year of “green stimulus as major economies attempt to integrate their economic recovery and job creation initiatives with their longer-term efforts to reduce carbon emissions,” Moody’s wrote in a recent report, quoted by Bloomberg.

Sustainable bond sales are poised to go up, and Germany, Italy and the UK are among the countries that want to issue green bonds.

“We expect green bond issuance to jump by 39% this year as the economy continues to rebound and issuers increasingly pursue debt financing for environmentally-friendly projects,” said Matthew Kuchtyak, a Moody’s analyst.

95% of millennials (1981 - 1996) are interested in sustainable investing, according to a Morgan Stanley Report. Also, a lot of fund-management companies in the world have invested in green bonds, including BlackRock, Vanguard Group and State Street Global Advisors.

Sustainable funds in the U.S. attracted $51.2 billion in 2020, more than double the previous calendar-year record of $21.4 billion set in 2019, according to researchers at Morningstar Inc.