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First civic body in the country to issue internationally certified Green Bonds The Surat Municipal Corporation's Certified Green Bond worth Rs 200 crore was listed on the National Stock Exchange in Mumbai on Thursday in the presence of Gujarat Chief Minister Bhupendra Patel. CM Patel rang the bell at the National Stock Exchange, officially listing the Green Bond of the SMC. Surat Municipal Commissioner Shalini Agarwal, Surat Mayor Daxesh Mawani and standing committee chairman Rajan Patel were ...Read More >
New Delhi: In a bid to boost climate finance, the Union ministry of new and renewable energy (MNRE) plans to urge the finance ministry to offer tax incentives to green bond buyers, according to two people familiar with the matter. The consideration aims to boost investor interest in green bonds, which is necessary to meet the financing requirements for the clean energy targets. "Though sovereign green bonds were launched a few years back, they are yet to pick up. Now the interest rate of green ...Read More >
New Delhi: Finance minister Nirmala Sitharaman on Friday flagged persistent asymmetry in global financial flows as a major impediment to sustainable development in the Global South, warning that it continues to stifle long-term investments in clean energy, urban mobility, and climate-resilient infrastructure. Speaking at the New Development Bank's (NDB) Governors Seminar in Rio de Janeiro, Brazil, Sitharaman urged a fundamental rethink of the global financial architecture to better align with t ...Read More >
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