Greening India’s Financial Market: How Green Bonds Can Drive Clean Energy Deployment

In this April 2016 interim report, NRDC, CEEW and IREDA explain that a green bond is a fixed-income financial instrument for raising capital through the debt market, like traditional corporate bonds. The key difference is that green bonds raise funds for projects with environmental benefits, such as renewable energy, low carbon transport or climate adaptation. This report lays out strategies and recommendations to help strengthen and expand the nascent market for green bonds in India.