junior science refresher magazine

junior science refresher magazine

junior science refresher magazine  Published this article page no  41 India will issue at least Rs 24000 crore ($3.3 billion) in sovereign green bonds as the country marks a shift towards a lowcarbon economy. Need for Indias maiden foray into the green bond space comes as it plans to fund renewable energy projects that will help meet its goal of netzero emissions by 2070.  The planned issuance comes amid a global boom in sustainable investments.  India is the worlds thirdbiggest emitter of greenhouse gases and plans to more than quadruple its renewable power generation capacity by 2030. What Is a Green Bond? A green bond is a type of fixedincome instrument that is specifically earmarked to raise money for climate and environmental projects.  157 These bonds are typically assetlinked and backed by the issuing entitys balance sheet so they usually carry the same credit rating as their issuers other debt obligations.  Green bonds may come with tax incentives to enhance their attractiveness to investors.  The World Bank is a major issuer of green bonds. It has issued 164 such bonds since 2008 worth a combined $14.4 billion. In 2020 the total issuance of green bonds was worth almost $270 billion according to the Climate Bond Initiative. How Does a Green Bond Work? Green bonds work just like any other corporate or government bond.  Borrowers issue these securities in order to secure financing for projects that will have a positive environmental impact such as ecosystem restoration or reducing pollution.  Investors who purchase these bonds can expect to make as the bond matures.  In addition there are often tax benefits for investing in green bonds. What is the Significance of Sovereign Guarantee to Green Bonds?  Sovereign green issuance sends a powerful signal of intent around climate action and sustainable development to governments and regulators junior science refresher magazine buy.


junior science refresher magazine

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