The article discusses SEBI’s revised regulations for green debt securities, highlighting key improvements that align with global green finance guidelines. The most significant change is the mandatory requirement for independent third-party reviewers/certifiers for both pre- and post-green bond issuance, which exceeds International Capital Market Association (ICMA) recommendations. The guidelines require alignment with international green taxonomies, disclosure of financing versus refinancing distribution, and details of environmental risks and mitigation plans. While SEBI adopted many recommendations from IEEFA’s consultation paper, it left out some key suggestions including the development of an in-depth, science-based taxonomy and clearer guidelines for tracking multiple green bond issuances by the same issuer. The authors conclude that these enhanced requirements will boost India’s green finance market credibility and help attract global ESG capital needed for the country’s energy transition goals.