Centre to borrow ₹8.88 lakh crore in H1, FY24; Green bonds in H2
Sovereign Green Bonds will be launched in the second half (H2) of FY24.
Sovereign Green Bonds will be launched in the second half (H2) of FY24.
The govt last year approved the country’s final framework for sovereign green bonds. The idea behind green bonds is to mobilise resources to ramp up green infra.
The approval of the framework will facilitate attracting global and domestic investments in green projects in the country.
India had issued $6.11 billion in green bonds till November 2021, marking the strongest year since their launch in the country in 2015.
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That is the minimum amount that India needs to finance its green push and meet its 2030 emissions target. Green bonds could be a big help.