Local bodies going green through climate bonds in Madhya Pradesh

The state is also installing three floating solar power plants in different reservoirs with a total investment of Rs 7,500 crore

The Bhopal Municipal Corporation and other local bodies in Madhya Pradesh, like the Indore civic body, are planning to tap green bonds as part of the state government’s increased emphasis on renewable energy.

During the recently concluded Global Investors Summit (GIS), the state received investment intentions totaling over Rs 15 trillion, with renewable energy topping the chart with proposals worth Rs 6.09 trillion. 

“This (local bodies going for green bonds) is not a standalone activity. We are continuously evaluating and trying multiple ways to tap the markets for funds. We are not investing as much money but are still