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Part of this revolution is the meteoritic growth of greenbonds, which were started in 2007 by the World Bank and the European Investment Bank. If growth was slow from the first greenbond issuance to 2012, things have accelerated since. Greenbonds are indeed often oversubscribed due to their success.
Green Financial Instruments: Contrasting India to the Global Market. In the global market there are dedicated ESG funds and green instruments (ranging from greenbonds to green insurance ) to facilitate projects – not only in the domain of climate finance, but also focused on the environmental objectives necessary to support sustainability.
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