Paper Title
Green Bonds-Lessons for India

Green Bonds have been drawing a lot of attention in recent times due to a movement towards sustainable finance all over the world. However, the experience of green bonds in the developed and emerging countries has been quite mixed and put the policymakers and the corporates into a quandary. This paper traces the history of green bonds globally and in India over the last decade and highlights the differences with the comparable conventional bonds. The paper investigates the economics and signaling aspects of the issuance of green bonds and compares the empirical evidence for deriving some trends. In the last section, the author also discusses the policy maker’s dilemma on regulating and monitoring green bonds. For a country like India where the green bond market is still nascent the paper will serve a good introduction to this new instrument in the market. Keywords - Climate change, green bonds, sustainable bonds, Indian green bond market.