Govt may raise up to Rs 22k crore through green bonds in FY24

India is likely to borrow about Rs 20,000-22,000 crore through sovereign green bonds in this financial year, higher than the Rs 16,000 crore in 2022-23 when it had floated such papers for the first time, said a person aware of the matter. About half of the green bond proceeds are expected to be deployed in

The time is ripe for green bonds

Budget 2022 is strong on infrastructure spending, with the overall government capex planned to go beyond Rs 10 trillion, or more than 4 per cent of GDP, in FY2023. Innovative financing mechanisms such as blended finance and impact capital have been instituted to crowd-in private investments. Another timely idea is the issuance of sovereign green

Union Budget 2022: Towards a Greener Economy

Driving inspiration from the Prime Minister’s words on NetZero 2070, the 2022 Union Budget continued the trend of India’s public expenditure being increasingly greener, with a slew of measures focusing on green energy, renewables, and electric vehicles. The 2022 Union Budget, for its ambitious clean energy financing needs, unveils Sovereign Green Bonds, which will majorly