State of Green Bonds in India

5 Pages Posted: 13 Jan 2017

See all articles by Abhirup Ghosh

Abhirup Ghosh

Vinod Kothari Consultants P. Ltd.

Date Written: January 5, 2017


Just within two years from the first issuance of the Green Bonds in India, the country has already walked a long path. Green Bonds in India are believed to have a great potential and are being looked upon as a key tool to help raise the financing needs to meet the targets set by India’s Intended Nationally Determined Contribution (INDC), which established for COP21 - essentially India's climate change action plan. It is estimated that a total of USD 2.5 trillion will be required to meet India’s climate change action plans as contemplated by the INDC.

This paper talks about the performance of the market for Green Bonds in India and regulatory developments in and around the topic in India.

Keywords: Green Bonds, Climate Bonds, Climate Change, India, Capital Markets, Corporate Governance, SEBI

Suggested Citation

Ghosh, Abhirup, State of Green Bonds in India (January 5, 2017). Available at SSRN: or

Abhirup Ghosh (Contact Author)

Vinod Kothari Consultants P. Ltd. ( email )

1006-1009, Krishna
224 AJC Bose Road
Kolkata, 700017


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