India share of global green bonds off highs despite record issuance in 2021

The money raised in 2021 is 58.1% higher than $4.3 billion raised in 2017. A lower share would indicate that other countries have been making more use of the mechanism

India had a lower share of the global green bond market in 2021 than it did in 2015. This is despite a multifold increase in the total amount raised during this period.

Indian green bonds raised a total of $6.8 billion in 2021, shows a Business Standard analysis of data from London-based non-profit Climate Bonds Initiative, a tracker of such issuances. This gave it a total share of 1.3 per cent of the issuers for whom data is available. This is higher than 0.4 per cent share in 2020, and the pre-pandemic market share of 1.2 per cent in 2019. It