NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

By Saurabh

India’s central bank is expected to raise $3 billion through sale of green bonds over the next 12 months. 

The Reserve Bank of India may auction green bonds worth $3 billion sometime after September this year.  According to media reports, the bank may offer tenures of up 30-40 years, which it believes would attract insurance companies. 

Photo courtesy Steven Depolo.