Legal issues in green finance need to be cleared up

The central bank has identified renewable energy, waste management, clean transport, energy efficiency, and afforestation as projects to be funded from green deposits

The green bonds issued by the World Bank in 2008, denominated in Swedish krona (SEK) for a total amount of SEK2.325 billion, in partnership with Scandinavian institutional investors, and having a maturity of six years, is acknowledged as having set the template for sustainable investing globally. The market for such bonds is seen at $914.4 billion by 2030. This is despite the recent hiccup — issuers sold $443.72 billion worth of green bonds in 2022, down from $596.30 billion in 2021, according to data from the Climate Bonds Initiative, a UK-based green-debt tracker.

Awareness of green finance (GF) has gained