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Climate, Ecology, War & More: Dr. Glen Barry BigEarthData.ai
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Green Bonds To Green Jobs: Can Climate Finance Power India's Next Growth Story? - BW Businessworld ->Businessworld | More on "Green bonds financing India's climate transition" at BigEarthData.ai | #ClimateFinance #GreenBond

businessworld.inGreen Bonds To Green Jobs: Can Climate Finance Power India's Next Growth Story? - BW BusinessworldIndia’s next phase of economic growth will be shaped not only by capital mobilization but how the capital is deployed. With India moving ahead on three fronts—fast-paced economic development, energy security, and achieving zero-net emissions by 2070- climate finance has become a tool of transformation. “Green bonds,” which are debt instruments used for financing environmentally friendly ventures, have the potential to link long-term investors with renewable energy generation, sustainable transportation, resilient infrastructure, and carbon-neutral industrial processes. But their success will depend on their ability to turn green money into productivity, technology and good jobs. The financing requirement is substantial. The Reserve Bank of India estimates that India will require green finance equivalent to at least 2.5% of GDP annually until 2030. The government’s draft climate-finance taxonomy similarly notes that approximately US$2.5 trillion at 2014-2015 prices, may be required to meet India’s climate commitments by 2030. Conventional public finance cannot meet this requirement alone. Green bonds can therefore play an important role by mobilising institutional savings and directing them towards projects with long gestation periods and significant returns. India has already established a sovereign benchmark. The Union government raised ₹16,000 crore through its first Sovereign Green Bond issuance in FY2022-23 and...

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