Unpacking Sovereign Green Bonds: Explainer Session

February 16, 2023 | 11:30 am 1:00 pm

A green bond is a debt security that is issued to raise capital to support climate-related or environmental projects, according to the World Bank. Sovereign green bonds are issued by governments to raise resources for such projects. As part of its overall market borrowings, the Government of India kicked off its first-ever issuance of Sovereign Green Bonds on January 25, 2023, to mobilise resources for green infrastructure. The next tranche of the Sovereign Green Bonds was issued on February 9, 2023. As announced in the Union Budget 2022-23, the proceeds will be deployed in public sector projects that help reduce the economy’s carbon intensity.

This webinar is to get a better understanding of what green bonds are. What kind of green projects can/should be utilised? What projects can they not be used for? What are the challenges and gaps in defining these? How will the projects be evaluated? How do these align with India’s decarbonisation plans? What are the next steps that the Governments need to take?