Which of the following statements is are correct regarding Green bonds 1 It is a debt...........

Environment and Ecology Pollution

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Which of the following statements is/are correct regarding Green bonds?

1. It is a debt instrument through which the capital raised will be invested only in Green projects.

2. Green bonds carry higher interest rates and higher risk than other bonds.

3. The repayment of the capital depends on the success of the projects.

Select the correct answer using the code given below.

1 only

1, 2 and 3

2 and 3 only

1 and 2 only

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Explanation:

A green bond is a tax-exempt bond issued by federally qualified organizations or by municipalities for the development of brownfield sites. Brownfield sites are areas of land that are underutilized, have abandoned buildings or are underdeveloped, often containing low levels of industrial pollution.