Green bonds can enable Government of India to achieve its Intended Nationally Determined Contributions, under the Paris climate agreement 2015. Explain
Refer - Economic Survey V-II Chapter 6
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tina 4 years
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IAS Parliament 4 years
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IAS Parliament 4 years
KEY POINTS
· Green bonds are debt instrument issued by an entity for raising funds from investors and the proceeds of a green bond offering are used towards financing ‘green’ projects.
· Green bonds are an effective vehicle to raise capital for renewable energy projects while meeting the environmental targets of the investors and climate targets of the Government of India.
· In 2017, to give push to Green Bonds issuances in India, SEBI issued guidelines14 on green bonds including listing of green bonds on the Indian stock exchanges.
· The launch of green indices such as S&P BSE CARBONEX (in 2012), MSCI ESG India (in 2013), allows passive and retail investors to invest in ‘green’ companies.
INDC goals
· More investment in reducing the emission of Green house gases.
· Green bonds appeal to a broad range of institutional and socially responsible investors (SRIs) seeking to bolster their portfolios with eco-friendly, fixed payment securities.
· Green bonds can supplement municipal budget shortages in capital-intensive infrastructure finance schemes.
· Roof top solar projects, afforestation, greening of urban landscape, green buildings.
Dev 4 years
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IAS Parliament 4 years
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