Green bonds are issued to finance environmentally friendly assets, businesses and investments. Green bonds have emerged as one of the key financing mechanisms to drive the global economy to a greener future. The first green bond was issued by World Bank and European Investment Bank in 2007. Since then, green bond market has grown exponentially, with issuance doubling to $81 billion in 2016. In 2015, the countries first green infrastructure bonds were issued by Yes Bank. Financing through Green bonds is important for sunrise sectors like renewable energy.