
The Ahmedabad Municipal Corporation has announced plans to issue green bonds valued at ₹200 crore (~$31 million) in the financial year 2018-19. The proposal opens up a completely new avenue for municipal bodies in India to attract foreign funding.
Indian municipal bodies have been issuing bonds earlier as well but this would be the first green bond. These tax-free bonds usually attract funds from domestic investors looking to gain from their tax-free incentives.
With several Indian banks, financial institutions, and energy companies successfully raising funds through green bonds, the municipal bodies can also take advantage of the healthy growth trend in the global green bonds market.
The green bond issued by Ahmedabad Municipal Corporation is expected to be directed toward addressing the waste management issue the city, like numerous other Indian cities, is facing.
The Corporation plans to implement a bio-mining technique at the city’s landfill to reduce and recycle the waste being dumped there. Bio-mining helps in segregation of waste into recyclable and non-recyclable categories.
Some Indian cities have successfully implemented this technique to significantly reduce the amount of waste being finally dumped at the landfills.
With a huge emphasis of the Indian government on cleanliness and sanitation, several other cities and municipal bodies can take advantage of the booming green bonds market to attract funding for such activities.
The Indian government has mandated several public sector companies to launch green bonds worth at least $1 billion. Most of these bonds will target projects in the renewable energy and energy efficiency sectors.
Source: cleantechnica.com
























Our interlocutor is Ph.D. Aleksandar Joksimovic, the Head of the Laboratory for ichthyology and coastal fishery in this Institute. Mr. Joksimovic received a doctorate at the Faculty of Biology of the University of Belgrade. His doctoral dissertation was about ‘’Fishery Biology and population dynamics of some economically important fish species of the Montenegrin coast’’, and he is also the main negotiator of Montenegro for the opening of negotiation Chapter 13 (Fisheries) of the EU as well as the scientifically responsible person on behalf of Montenegro at the General Fisheries Commission for the 
This summer, within the framework of the project implemented by the Bio-ICT Centre for Excellence, in partnership with the Public Enterprise for coastal zone management, and the company “APLITUDO” from Podgorica, smart buoys were installed, on several locations in the open sea and one in the Bay of Kotor, which are powered by solar energy and are used to measure the salinity, temperature and pH of the water. The measured data are sent to the base of the site using GPRS. As this is a pilot project, we are working on a model for the data to be available for interested individuals and companies, through registration and subscription, and in the future, this concept could become an open data form, with the extension of the monitored parameters.







