Green Bonds Current Affairs, GK & News
With the aim of promoting green economy across the world, green bonds have been initiated to finance the environment friendly businesses and assets. The first two banks to issue these were the World Bank and the European Investment Bank. They have attracted corporates and financial institutions across the world and became popular very quickly. In ..
State-owned power giant NTPC Ltd. is planning to add 10 GW (gigawatt) of solar energy generation capacity by 2022. The project would entail an investment of around Rs.50,000 crore which will be funded mainly by green bonds. NTPC’s plans to add 10GW solar energy capacity assumes significance in view of country’s ambitious target of having ..
Category: Economy & Banking Current Affairs
The India International Exchange (India INX) has listed the Indian Railway Finance Corporation’s (IRFC’s) green bonds on its debt listing platform-Global Securities Market (GSM). With this, IRFC green bonds became first debt security to be listed on exchange at International Financial Services Centre (IFSC) in Gujarat’s GIFT city. India INX’s GSM segment is India’s first ..
Axis Bank has launched India’s first internationally-listed certified green bond to finance climate change solutions around the world at London Stock Exchange (LSE). The proceeds of the bond will be invested by Axis Bank in green energy, transportation and infrastructure projects. It will play important role in reinforcing India’s commitment to produce 175,000 MW of ..
Month: Current Affairs - June, 2016
HSBC India’s chairman Naina Lal Kidwai announced to launch ’green bonds’ in India for raising funds for investments in environmental projects. Announcement was done by the HSBC chairman in a Ficci event held on 3 August 2015. The total investment attracted by Green Bonds in last two years is 37 million dollars. HSBC is the ..