Content ID

335923

India govt to use proceeds of green bonds to fund renewable energy, clean transportation

NEW DELHI, Nov 9 (Reuters) - India plans to issue green bonds to fund renewable energy and clean transportation but will not use the proceeds to finance nuclear power, the government said in a statement on Wednesday.

The plan to issue green bonds was announced by Finance Minister Nirmala Sitharaman in the 2022/23 budget as a part of overall market borrowing with the intention to use the funds to build green infrastructure.

The government intends to issue 160 billion rupees ($1.93 billion) of green bonds between October and March. (Reporting by Aftab Ahmed and Nikunj Ohri, Editing by Louise Heavens)

© Copyright Thomson Reuters 2022. Click For Restrictions - http://about.reuters.com/fulllegal.asp

Read more about
Loading...

Tip of the Day

Lower steps to grain drill platform

Smaller steps to grain drill platform After I became unable to step up on the back platform of my grain drill, I built a short ladder and attached it to the platform. At 31... read more

Talk in Marketing

Most Recent Poll

Will you have enough on-farm storage for harvest?

I just want to see the responses
44% (26 votes)
Yes
39% (23 votes)
No, it’s going to be a bin-buster
7% (4 votes)
Maybe, depending on yields
5% (3 votes)
No, I am looking at new bins or temporary storage
5% (3 votes)
Total votes: 59
Thank you for voting.