Green yields

Transparency will be critical for green bonds

The Union government took an important step last week and issued a robust framework for sovereign green bonds. This will allow it to issue green bonds as announced in the Union Budget. The government intends to issue bonds worth Rs 16,000 crore in this category in the current fiscal year, which would help improve investment in renewable energy among a host of other areas as defined in the detailed framework. India is making significant progress in terms of its climate commitments. A report submitted to the United Nations Framework Convention on Climate Change last year, for instance, showed that India’s