International Journal For Multidisciplinary Research
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Volume 6 Issue 6
November-December 2024
Indexing Partners
Green Bonds as A New Investment Tool For Sustainable Development In India
Author(s) | Dr Poonam Mahajan, Dr Arwinder Singh, Dr Sapna |
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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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