Volume : VI, Issue : XII, December - 2017

Green Bonds: A Sustainable Investment Opportunities

Dr. P. N. Harikumar, Dr. Susha D

Abstract :

 A popular Native American Proverb says “We do not inherit the earth from our ancestors; we borrow it from our children.” The statement by itself indicates the significance of going green and thereby becoming environmentally conscious citizens. Off late, corporate enterprises have also started realizing the growing importance of being an ecologically cognizant and mindful organisation. The pursuit of this has forced business entities to issue financial instruments which are tailor made to suit this obligation of theirs. In line of this the concept of green bonds had attained prominence in European and American economies. A green bond in generic terms is like any other bond but with one key difference: the money raised by the issuer is earmarked towards financing ‘green’ projects, i.e. assets or business activities that are environment–friendly. Such projects could be in the areas of renewable energy, clean transportation and sustainable water management. Although this idea is relatively new–fangled for Indian corporate houses but ever increasing environmental issues back here have provided a firm impetus to the idea. This research paper strives to study the concept of green bonds, how have green bonds faired in other countries where they are in prevalence and what are the pertinent challenges coupled with recommendations for its smooth operation in a country like India. 

Keywords :

Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Dr.P.N.Harikumar, Dr.Susha D, Green Bonds: A Sustainable Investment Opportunities, INTERNATIONAL JOURNAL OF SCIENTIFIC RESEARCH : Volume-6 | Issue-12 | December-2017

Number of Downloads : 991

References :