Home / Current Issue / Paper 1702960
An Evaluative Study of Green Bond Scenario in India
Subject area: Management and Commerce · Area of research: FINANCE
Abstract
To achieve the goal of sustainable development while taking care of the environment is a challenging task.To achieve this goal, the countries need Green finance. The green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects. In this context, this paper seeks to explore India's case by evaluating various aspects of green bonds like the regulatory framework for issuance, the role of schedule commercial banks in issuance of green bonds in India, and international comparison of data related to issuance and use of proceed. This paper also discusses issues related to India's Green bond issuance market and recommends developing a national strategy for India's green bond market.
Keywords
Green Bond, Securitization of Green Bond, Green bond and India, Commercial Bank and Green Bond.
References
[1] The Rising Costs of Global Warming available on The Rising Costs of Global Warming – Michigan Journal of Economics (umich.edu)
[2] Global Climate Risk Index 2021 available on Global Climate Risk Index 2021 - World | ReliefWeb
[3] Unlocking the Green Bond potential in India available at Green-Bond-Working-Paper.pdf (teriin.org)
[4] Emerging Market Green Bond Report 2019 available on 202005-EM-Green-Bonds-Report-2019.pdf (ifc.org)
[5] $1Trillion Mark Reached in Global Cumulative Green Issuance: Climate Bonds Data Intelligence Reports: Latest Figures | Climate Bonds Initiative
[6] $1Trillion Mark Reached in Global Cumulative Green Issuance: Climate Bonds Data Intelligence Reports: Latest Figures | Climate Bonds Initiative
[7] Union Budget speech 2018
[8] India Gross Savings Rate, 1951 – 2021 | CEIC Data
[9] Roadmap for China: Using green securitization, tax incentives, and credit enhancements to scale green bonds (iisd.org)
[10] indian_abs_cbi_conference_brief_may_2018.pdf (climatebonds.net)
How to cite this paper
@article{1702960,
author = {Abhishek Kumar},
title = {An Evaluative Study of Green Bond Scenario in India},
journal = {Iconic Research And Engineering Journals},
year = {2021},
volume = {5},
number = {5},
pages = {67-73},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1702960.pdf},
abstract = {To achieve the goal of sustainable development while taking care of the environment is a challenging task.To achieve this goal, the countries need Green finance. The green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects. In this context, this paper seeks to explore India's case by evaluating various aspects of green bonds like the regulatory framework for issuance, the role of schedule commercial banks in issuance of green bonds in India, and international comparison of data related to issuance and use of proceed. This paper also discusses issues related to India's Green bond issuance market and recommends developing a national strategy for India's green bond market.},
keywords = {Green Bond, Securitization of Green Bond, Green bond and India, Commercial Bank and Green Bond.},
month = {November},
}