The Centre will finance projects and initiatives in nine broad categories through its ~16,000-crore green bond offering this year and future issuances. This would be in accordance with the new Green Bond Framework released by the finance ministry on Wednesday.
The proceeds from green bond issuances will be deposited in the Consolidated Fund of India in line with the regular treasury policy.
They will then be made available for eligible green projects.
The nine categories are renewable energy, energy efficiency, clean transportation, climate change adaptation, sustainable water and waste management, pollution prevention and control, green buildings, sustainable management of living natural resources and land use, and terrestrial and aquatic biodiversity conservation.
