India’s first certified Green Municipal Bond
Context: Ghaziabad Nagar Nigam has issued India’s first certified Green Municipal Bond, raising ₹150 crore to develop a Tertiary Sewage Treatment Plant (TSTP). About India’s first certified Green Municipal Bond: What is a Green Municipal Bond? A Green Municipal Bond is a debt instrument issued by urban local bodies (ULBs) to fund environment-friendly infrastructure projects …
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