Q. With reference to Green Bonds consider the following statements:
1.Funds raised from green bonds can be utilized for various non-environmental purposes.
2.Green bonds issuers are required to provide details regarding the project they intend to finance as well as its expected climate and environmental impacts.
Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B
Notes:

Statement 1: Statement is incorrect. Proceeds from Green bonds can only be utilised for environmental projects unlike other bonds.

Statement 2: Green bonds issuers are required to provide details regarding the project they intend to finance as well as its expected climate and environmental impacts.

Source: The Indian Express

 

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