Consider the following statements regarding Green Finance 1 Money raised under Green Bond may or may...........

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Consider the following statements regarding Green Finance:

1. Money raised under Green Bond may or may not be used for financing ‘green’ projects.

2. Green Bond enhances issuer’s reputation as it helps in showcasing his commitment towards sustainable development.

3. SEBI has allowed the issue of Green Bonds in India.

Which of the statements given above are correct?

1 and 3 only

1 and2 only

2 and 3 only

1, 2 and 3

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Explanation:

What are green bonds?
A bond is a debt instrument with which an entity raises money from investors. The bond issuer gets capital while the investors receive fixed income in the form of interest. When the bond matures, the money is repaid.
A green bond is very similar. The only difference is that the issuer of a green bond publicly states that capital is being raised to fund ‘green’ projects, which typically include those relating to renewable energy, emission reductions and so on. There is no standard definition of green bonds as of now.