What do you understand by the term lsquo Green Bond rsquo ........

Economic Affairs Financial Markets

What do you understand by the term ‘Green Bond’?

It refers to the bonds offered by an issuer who is not yet registered on the stock exchange.

It refers to bonds being floated for a Greenfield project.

It refers to the bonds in which the money raised by the issuer is to be utilized for green or environmentally sustainable projects.

None of the above

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Explanation:

Green bonds were in news as New Development Bank has started issuing green bonds for green projects in BRICS countries.
Green bonds not only raise funds for green projects but also help the issuer gain publicity and reputation as someone dedicated towards sustainable development.
In India, SEBI's indicative list for green bonds includes renewable and sustainable energy such as wind and solar, clean transportation, sustainable water management, climate change adaptation, energy efficiency, sustainable waste management and land use and biodiversity conservation.