A Study on Green Bond Framework and Indian Government Initiative for Green Bond Market

Author:Md Irshad Ali Tanwar a*, Mohd Mohsin Qureshib

Abstract:
Green bonds are a new and emerging field in finance. It falls into the more general category of green finance. The money raised by Green Bonds is invested in green projects. Through investments in Energy Efficiency, Renewable Energy, Green Infrastructure, and Water Improvement, they stand for Socially Responsible Investing (SRI). The global temperature is rising and the landscape is changing drastically. Science demonstrates that climate change is severe and that action must be taken quickly to rescue the planet. Scholars from all around the world are working in a variety of industries, including finance. Furthermore, green bonds are a significant means of stabilizing the state of the environment as it exists today. The study will examine green bonds from various perspectives. The framework for green bonds will be covered in the part first, followed by the Indian government's initiative to develop the green bond market. The study concludes that the Indian Government has implemented measures to encourage the adoption of green bonds by offering incentives and tax advantages to investors. Green bonds' performance in India has been encouraging, and this has opened up new finance options for eco-friendly projects. We should continue to see the government promoting for the use of green bonds and creating an environment that will encourage their growth. This will help India move toward a sustainable and more ecologically friendly future.

Keywords:Key Words: Green Bonds, Green Bond Framework, Socially Responsible Investing, Green Bond Market, Renewable Energy, Green Infrastructure and Energy Efficiency.

DOI:10.46333/ijtc/12/2/4

International Journal of Trade & Commerce (Vol: 12 Issue:2)