ESG & Investing
Green Municipal Bonds Grow as Indian Cities Seek Climate Funding
- Surat, Coimbatore among cities considering debut issuance
- Regulators are encouraging growth in nation’s muni bond sector
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More Indian cities are considering issuing their first green bonds, seeking to tap the nation’s small-but-expanding municipal debt market to fund climate action.
Surat, in Prime Minister Narendra Modi’s home state of Gujarat, along with Pimpri Chinchwad in the western part of the country and southern city Coimbatore are all finalizing proposals after Rajkot Municipal Corp. this month revealed a plan to raise up to $200 million.