The Finance Ministry has indicated that it will take a call on the continuation of sovereign green bonds (SGrBs) after three years. These bonds were launched in fiscal year 2022-23 to mobilise resources for green infrastructure. “Should we stop the green bonds? Our sense is, let us try for another two to three years. Then,
China’s finance ministry has announced the impending issuance of sovereign green bonds in London, which will mark its first overseas sale of such bonds and a concrete step following high-level economic and finance talks earlier this year. The yuan-denominated issuance will be worth up to 6 billion yuan (US$829.75 million) with specific details to be
RBI Governor Shaktikanta Das emphasised the need for innovative solutions to overcome the challenges facing India’s green bond and green deposit frameworks. Despite the growing global emphasis on sustainability, scaling these financial instruments remains a significant hurdle. India’s commitment to environmental preservation is deeply rooted in its Constitution, and the RBI has introduced frameworks like