The government announced the sale of sovereign green bonds (SGB) worth ₹80 billion (~$986 million) through an auction by the Reserve Bank of India, Mumbai, on January 25. The auction will be in two parts of ₹40 billion ($485.56 million) each. The first one is for ‘New GOI SGrB 2028’ (5-year tenure), and the second is ‘New GOI SGrB 2033’ (10-year tenure) through a yield-based uniform price method. The proceeds of the bonds will be deployed in public sector projects which help reduce the economy’s carbon intensity.