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Evaluation Agency Fears India’s Green Bonds Could Indirectly Support Coal Firms

CICERO says there is uncertainty over what type of expenditures would be financed

January 5, 2023

/ B.S. Nagaraj
/ Finance and M&A, Renewable Energy
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The framework for India’s ₹160 billion (~$1.9 billion)-sovereign green bonds (SBG) proposal has been rated ‘Good’ on the governance score by the government-appointed agency CICERO Shades of Green. But it has also identified a few pitfalls and warned investors about them in its report.

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B.S. Nagaraj

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