International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 6 November-December 2024 Submit your research before last 3 days of December to publish your research paper in the issue of November-December.

Green Bonds as A New Investment Tool For Sustainable Development In India

Author(s) Dr Poonam Mahajan, Dr Arwinder Singh, Dr Sapna
Country India
Abstract The present paper conceptualizes the meaning, need and importance of green bonds as an initiative towards investment tool and sustainable development in India. A green bond is a type of investment that provides financial support for particular projects related to sustainability issue of climate change and control. Indian Companies have incorporated investment in green bonds as a part of climate finance strategy. The ICMA issued principles of green bonds investment and voluntary process guidelines for issuing green bonds in 2021. The four principles are: use of proceeds, process for project evaluation and selection, management of proceeds and reporting. The SEBI has issued several rules for green bonds securities in India including disclosure requirements, monitoring and third-party review. The private bank of India i.e. Yes bank was the first issuer of green bonds in India in the year 2015. Indian green bond issuance has grasped a total of $21 billion as on February 2023. The scenario of green bond market in India for the year 2021 shows that the Utilities sector has more share of green bonds followed by corporates, Renewable Energy sector and Financials. The least share is with local government in India.
Keywords Green Bonds, climate change and control, sustainable development, India.
Field Business Administration
Published In Volume 6, Issue 4, July-August 2024
Published On 2024-07-14
Cite This Green Bonds as A New Investment Tool For Sustainable Development In India - Dr Poonam Mahajan, Dr Arwinder Singh, Dr Sapna - IJFMR Volume 6, Issue 4, July-August 2024. DOI 10.36948/ijfmr.2024.v06i04.24113
DOI https://doi.org/10.36948/ijfmr.2024.v06i04.24113
Short DOI https://doi.org/gt4gmw

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