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India’s First Sovereign Green Bonds Framework
November 15 , 2022
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- The Union Ministry of Finance & Corporate Affairs has approved the final Sovereign Green Bonds Framework of India.
- The Framework comes close on the footsteps of India’s commitments under “Panchamrit” as explained by the Prime Minister at COP 26 at Glasgow in November 2021.
- Green bonds are issued by companies, countries and multilateral organisations to exclusively fund projects that have positive environmental or climate benefits and provide investors with fixed income payments.
- The projects include renewable energy, clean transportation and green buildings, among others.
- Proceeds from these bonds are reserved for green projects.
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