1. They are debt instruments in which
the issuer (issued by companies, countries and multilateral organisations) of
the green bond pledges to use its proceeds to finance projects that will have a
positive impact on the climate and environment.
2. Announced in Budget 2022 to mobilize
funds for green infrastructure (public sector projects).
3. Examples of green projects
○ Renewable energy
○ Clean transportation
○ Green buildings
4. The SGBs shall ensure compliance
towards climate action and sustainable development to governments and
regulators and boost India’s efforts toward energy transition.
