ISO 9001:2015

GREEN BONDS: SUSTAINABLE FINANCING PRACTICES IN INDIA

Dr. Shivani Abrol, Dr. Monika Gupta & Dr. Seema Srivastava

Preserving our planet's environment has risen to the top of today's global priority list. Each nation has begun taking deliberate steps in this direction, however large or small, and has also cooperated with others to protect the planet's temperature and environment. Corporations are shifting their attention to greening the business process as a means of providing environmental viability. The same holds true for the financial sector, where ecological concerns have become central to the role of financial administration. Green bonds have been issued by a variety of Indian institutions beginning with Yes Bank in 2015. The energy industry is the primary target of the bonds. In order to reduce its carbon footprint, India has set ambitious goals, including expanding its use of green energy and boosting its efficiency. Green bonds have many positive social impacts, including promoting climate justice and ecologically friendly development. As the Indian government commits more resources to renewable energy and environmental protection, the country's green bond issuance is expected to rise and play an increasingly important role in India's sustainable growth. The paper makes an effort to describe the features of green bonds that make them a practical option, especially in the Indian setting. Additionally, the paper examines the present policy landscape and makes suggestions for further developing India's green bond market.

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Keywords: Green Bonds, India INX, Sustainable Finance.


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