ABSTRACT
India has sufficient renewable energy sources but currently is heavily dependent on imported sources of energy, primarily crude oil, natural gas, and coal. This is happening due to an increase in the demand for energy and the depletion of fossil fuel and coal leading to serious concerns over long-term energy security and sustainability. Renewable sources such as wind and solar have source advantages over nonrenewable sources such as fossil fuel. Natural resources like solar and wind are free, available for energy generation. In India, companies depend on financing sources such as bank financing and financing through the capital markets. Across the globe the green bond market continues to develop; it provides public and private sector organizations with an important source of funding for activities that can bring significant benefits to the environment and society. India’s strategic shift from a carbon subsidy regime to carbon tax regime is a very good sign for the growth of green energy in the country.
