Global green bonds news from a range of financial institutions indicates that while the market is growing, only a small share of proceeds is allocated to adaptation. The International Development Association raised US$1.5 billion with its first five-year bond issuance. ADB secured US$190 million in funding from the GCF to provide support to ADB-financed climate change projects in Cambodia, Mongolia and Tajikistan. The World Bank and the Nordic Development Fund approved financing of US$225 million and €13.1 million respectively for the West African Coastal Areas Program.