SEBI proposes Blue Bonds for Sustainable Financing
Recently, market regulator Securities and Exchange Board of India (SEBI) has proposed the concept of ‘Blue Bonds’ as a mode of sustainable finance.
- These can be utilised for various blue economy-related activities, including oceanic resource mining and sustainable fishing.
Need for Sustainable Financing
- Repeated Environmental Disasters and Extreme Weather: The need for sustainable finance was felt in the aftermath of repeated environmental disasters and extreme weather events, corporate finance being driven purely by profit motives and corporate governance norms being followed as the exception rather than the norm.
- The COP 26 Mandate: In the 2021 United Nations Climate Change Conference, India, have ....
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