Published Paper Details:

Green bonds have become an effective alternate source of sustainable financing worldwide. In the fight against climate change and in meeting India's target of zero emission by 2070, there is a need for continuous and sustainable financing models. Today all the global issuance of green bonds by Indian players were oversubscribed. India has come up with its sovereign green bond framework. Though India's issuance of sustainable bonds has increased many folds post the pandemic era, much is required to be done in the local space to make Green bonds more familiar, popular and reliable. Study shows that green bonds can play an efficient role as a low-cost financing option and has an effective value addition to the funding mechanisms available during various developmental phase of a project. However, the study finds various bottlenecks faced by Green bonds issuers and investors and provide solutions in line with international practices to successfully eliminate the bottlenecks and make a vibrant market for Green Bonds