New Delhi, Aug. 27 -- Green bonds have emerged as a cornerstone of the country's drive towards a prudent and sustainable low-carbon economy. The focus, hence, is on mobilising vast capital resources for environmentally friendly projects.

Simply put, these bonds are debt securities specifically designed for financing activities that help in the generation of positive ecological impacts, such as renewable energy, energy efficiency, and climate-resilient infrastructure.

Hence, as the nation amplifies its commitment towards climate protection, green bonds have become an integral part of bridging the financial gap in sustainable development.

Green bonds work in a similar way to traditional bonds. Still, these bonds come with clearly establi...