Consider the following statements related to ‘Sovereign Green Bonds’:
- 1. Union Budget 2021-22 announced the issue of these bonds
- 2. The Government of India has approved a Sovereign Green Bonds Framework
- 3. These bonds are meant to be issued for mobilizing resources for green projects
- 4. These bonds are financial instruments that generate proceeds for investment in environmentally sustainable and climate suitable projects
How many of the above statements are correct?
1
2
3
4
Answer is Wrong!
Answer is Right!
This question was previously asked in
UPSC CISF-AC-EXE – 2023
Statement 2 is correct: The Government of India approved a Sovereign Green Bonds Framework in late 2022 to guide the issuance of these bonds.
Statement 3 is correct: The purpose of issuing Sovereign Green Bonds is to mobilize resources specifically for public sector projects that help in reducing carbon intensity.
Statement 4 is correct: Sovereign Green Bonds are defined as financial instruments used to generate proceeds for investment in environmentally sustainable and climate-suitable projects. This is consistent with the purpose mentioned in statement 3.