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EN
Green finance is still in the slow lane
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India Together
India tapped the fast-growing international green bond market in 2015 and since then has issued about USD 20 billion worth of green bonds mainly for Renewable Energy projects. Again, for perspective, this USD 20 billion is only a tiny fraction of what India could attract from global green capital pool to finance its local needs. Again, for perspective, combined labelled global issuance of Green, Social, and Sustainability, Transition, and Sustainability-linked bonds is over USD 765 billion in the first three quarters of 2021, and green bonds are tipped to reach a trillion a year by 2023.