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ARTICLE · 22 OCTOBER 2021

Regulatory Framework For Issuance Of Green Debt Securities In India

Khaitan & Co.
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Over the last decade, projects which aim to promote sustainable development by adopting alternative means of achieving a goal without hampering the environment (Green Projects) have gained a lot of popularity.

IndiaFinance and Banking
Smita Jha
Smita Jha
Soumya Mohapatra
Soumya Mohapatra
Nitesh Sharma
Nitesh Sharma
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Background

  • Over the last decade, projects which aim to promote sustainable development by adopting alternative means of achieving a goal without hampering the environment (Green Projects) have gained a lot of popularity. Renewable power companies using renewable sources such as solar and wind as against fossil fuel to generate power, adopting electronic and low carbon means of transport, building green residential homes, recycling, etc. are few of the many examples for Green Projects.
  • It is needless to say that such innovative means require financial aid for conducting research, development of the project or setting up the infrastructure for the same. Therefore, there was a need of devising a financial instrument to encourage investors to invest in Green Projects. This gave birth to the concept of green bonds or green debt securities.

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