Creating Sustainable Cities – Municipalities and the Potential Of Sebi’s Green Bond Framework

Abstract

Municipalities have an unenviable job - that of ensuring that cities are not only liveable, but are also sustainable. Towards this, one needs funds other than the usual avenue of government grants and revenue through taxes and charges. To be fair, municipalities are primed to be most likely issuers with green objectives owing to the inherent nature of sustainability in the projects like water management, waste treatment etc. This article examines how SEBI ‘s green bond framework provides an answer to the sustainable finance requirements of municipalities.