A Study of Green Bond Market in India: A Critical Review

Abstract

An upcoming and a novel area in finance is Green Bonds. It comes under the broader head of Green Finance. Green Bonds use their proceeds in environmentally friendly projects. They signify Socially Responsible Investing (SRI) through investing in Energy Efficiency, Green Infrastructure, Renewable Energy and Water Improvement. The world landscape is on a drastic change and world temperatures are rising. Science evidences that climate change is rough and there is a pressing need to gear up to save the world. Academicians around the globe are putting efforts in various fields including the financial sector. And green bonds are one of the profound ways to stabilize the current environmental picture. The study will analyse green bonds from a comprehensive viewpoint. First the paper will talk about the current scenario of Green Bonds in India. The study will also accentuate the future prospects of green bonds. And finally, it will feature the practical suggestions in the Indian context.