Government of India has announced in the Union Budget 2022-23 that it will be issuing Sovereign Green Bonds. What is the objective behind issuance of Green Bonds?

to attract investment so as to fund research for developing innovative solutions for reducing carbon footprints. to attract investment so as to fund research for fighting global warming to attract investment in vegetarian packaged food industries to be developed in rural areas. for mobilising resources for green infrastructure

for mobilising resources for green infrastructure

As announced in the Union Budget 2022-23, Government of India, as part of its overall market borrowings, will be issuing Sovereign Green Bonds (SGrBs), for mobilising resources for green infrastructure. The proceeds will be deployed in public sector projects which help in reducing the carbon intensity of the economy.