India’s First Sovereign Green Bonds Framework

On 9th November, 2022, the government approved the final sovereign green bonds framework for India to boost India’s efforts towards energy transition.

  • India’s first Sovereign Green Bonds framework was formulated and as per the provisions of the framework, Green Finance Working Committee (GFWC) was constituted to validate key decisions on issuance of Sovereign Green Bonds.
  • The Framework comes close on the footsteps of India’s commitments under “Panchamrit” as elucidated by the Indian Prime Minister at COP26 at Glasgow in November, 2021.

About the Framework

  • Four Components
    1. Use of proceeds
    2. Project evaluation and selection
    3. Management of proceeds
    4. Reporting.
  • Types
    • Standard Green Bonds: A recourse-to-the-issuer based debt obligation.
    • Green Revenue ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Current Affairs