The concept of "Green debt security" has been introduced in SEBI regulations; narrate any five purposes for which money raised through green debt security can be utilized.
CS Executive · Capital Market and Securities Laws · PYQS · June 2024
The concept of "Green debt security" has been introduced in SEBI regulations; narrate any five purposes for which money raised through green debt security can be utilized.
Answer & Explanation:
"Green debt security" is defined under the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 which means a debt security issued for raising funds subject to the conditions as may be specified by the SEBI from time to time, to be utilised for project(s) and/ or asset(s) falling under any of the following categories: renewable and sustainable energy including wind, bioenergy, other sources of energy which use clean technology, clean transportation including mass/public transportation, climate change adaptation including efforts to make infrastructure more resilient to impacts of climate change and information support systems such as climate observation and early warning systems, energy efficiency including efficient and green buildings, sustainable waste management including recycling, waste to energy, efficient disposal of wastage, sustainable land use including sustainable forestry and agriculture, afforestation, biodiversity conservation, pollution prevention and control (including reduction of air emissions, greenhouse gas control, soil remediation, waste prevention, waste reduction, waste recycling and energy efficient or emission efficient waste to energy) and sectors mentioned under the India Cooling Action Plan launched by the Ministry of Environment, Forest and Climate Change, circular economy adapted products, production technologies and processes (such as the design and introduction of reusable, recyclable and refurbished materials, components and products, circular tools and services) and/or eco efficient products blue bonds which comprise of funds raised for sustainable water management including clean water and water recycling, and sustainable maritime sector including sustainable shipping, sustainable fishing, fully traceable sustainable seafood, ocean energy and ocean mapping, yellow bonds which comprise of funds raised for solar energy generation and the upstream industries and downstream industries associated with it, transition bonds which comprise of funds raised for transitioning to a more sustainable form of operations, in line with India's Intended Nationally Determined Contributions, and Explanation: Intended Nationally Determined Contributions (INDCs) refer to the climate targets determined by India under the Paris Agreement at the Conference of Parties 21 in 2015, and at the Conference of Parties 26 in 2021, as revised from time to time. any other category, as may be specified by SEBI from time to time.
Topics: Debt Market
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