New Delhi, April 2 -- India's green financing push could gain new momentum this financial year, with the government exploring a plan to increase its Rs.25,342.31 crore target for issuing sovereign green bonds, two people said.

This suggests a turnaround in the government's thinking from a few months earlier, when it was considering a plan to fall back onconventional government securities and other debt instruments for green financing as green bonds have delivered only modest returns.

Green bonds, a type of fixed-income investment, are used to finance projects with positive environmental impacts.

The government's plan to increase its 2025-26 target for issuing sovereign green bonds will depend on India's so-called greenium, or green pre...