The document provides KPMG India’s view on India’s sovereign green bond framework launched on 9th November 2022 by the Government of India. It discusses the landscape of green bond issuance in India and unpacks the different ways in which the recently released framework will boost the existing market. Furthermore, it highlights KPMG India’s green bond service portfolio and experience on offering end to end assistance for green bond issuance. Given below are some of the key takeaways from the document:

  • The document provides KPMG India’s view on India’s sovereign green bond framework launched on 9th November 2022 by the Government of India
  • India’s Sovereign Green Bond framework was approved on 9th November 2022 to deploy proceeds in public sector projects which help in reducing the emissions intensity of the economy
  • India’s cumulative green issuance cumulatively stands at USD18.3 billion
  • India’s sovereign green bond framework is comprehensive in its sectoral coverage and focusses on augmentation of climate adaptation and social outcomes yet the scope for detailing the project selection exists
  • Issuance of India’s sovereign green bond framework can help in diversification investor base for potential green issuances, raise the confidence of other market participants and set the course for lowering the cost of capital for green finance market in India.

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