CURRENT AFFAIRS

Detailed explanation-1: -It prompted several Swedish pension funds to consider financing projects that contributed positively to the environment. In 2008, the World Bank issued its first green bond in response to such increasing demand. Since the issuance of the first green bond, the market’s grown considerably, as shown below.

Detailed explanation-2: -Value of green bonds issued in selected countries worldwide 2021. During 2021, the United States issued the higest amount of green bonds worldwide. Green bonds issued in the U.S. amounted to 81.9 billion U.S. dollars. Second in the ranking came China with 68.1 billion U.S. dollars worth of green bonds issued.

Detailed explanation-3: -NEW DELHI: State-run power sector lender PFC became the first Indian entity to launch Euro-denominated green bond with a €300-million (about $352 million) issuance that was oversubscribed by 2.6 times by institutional investors across Asia and Europe, the company said in a statement on Thursday.

Detailed explanation-4: -Since 2008, the World Bank issued approximately USD 18 billion equivalent in Green Bonds through over 200 bonds in 25 currencies. World Bank Green Bonds are an opportunity to invest in climate solutions through a high quality credit fixed income product.