Climate Change and India's Financial Framework

Description: Climate Change and India's Financial Framework
Number of Questions: 15
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Tags: climate change india financial framework
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What is the primary objective of India's National Action Plan on Climate Change (NAPCC)?

  1. To reduce greenhouse gas emissions.

  2. To promote sustainable development.

  3. To enhance energy security.

  4. To protect biodiversity.


Correct Option: B
Explanation:

The NAPCC aims to promote sustainable development by integrating climate change considerations into various sectors of the economy, including agriculture, energy, industry, and forestry.

Which of the following is not a key component of India's NAPCC?

  1. National Solar Mission

  2. National Mission for Enhanced Energy Efficiency

  3. National Mission for Sustainable Habitat

  4. National Mission for Green India


Correct Option: C
Explanation:

The National Mission for Sustainable Habitat is not a component of India's NAPCC. The other three missions are focused on promoting renewable energy, energy efficiency, and afforestation.

What is the target for India's renewable energy capacity by 2030?

  1. 175 GW

  2. 225 GW

  3. 300 GW

  4. 400 GW


Correct Option: D
Explanation:

India has set a target of achieving 400 GW of renewable energy capacity by 2030. This includes 100 GW of solar power, 60 GW of wind power, 10 GW of biomass power, and 5 GW of small hydropower.

Which of the following is not a key challenge faced by India in implementing its climate change policies?

  1. Lack of financial resources.

  2. Lack of technical expertise.

  3. Lack of political will.

  4. Lack of public awareness.


Correct Option: C
Explanation:

Lack of political will is not a key challenge faced by India in implementing its climate change policies. The other three challenges are all significant barriers to progress.

What is the role of the Green Climate Fund (GCF) in supporting India's climate change efforts?

  1. To provide financial assistance to developing countries for climate change mitigation and adaptation.

  2. To promote technology transfer from developed countries to developing countries.

  3. To build capacity in developing countries for climate change research and development.

  4. All of the above.


Correct Option: D
Explanation:

The GCF plays a comprehensive role in supporting India's climate change efforts by providing financial assistance, promoting technology transfer, and building capacity for research and development.

Which of the following is not a key recommendation of the Task Force on Climate-related Financial Disclosures (TCFD)?

  1. Companies should disclose their climate-related risks and opportunities.

  2. Companies should disclose their greenhouse gas emissions.

  3. Companies should disclose their climate-related financial impacts.

  4. Companies should disclose their climate-related adaptation strategies.


Correct Option: D
Explanation:

The TCFD does not recommend that companies disclose their climate-related adaptation strategies. The other three recommendations are all key components of the TCFD framework.

What is the role of the Securities and Exchange Board of India (SEBI) in promoting climate-related financial disclosures in India?

  1. To issue guidelines for companies on climate-related financial disclosures.

  2. To review and approve climate-related financial disclosures made by companies.

  3. To enforce compliance with climate-related financial disclosure requirements.

  4. All of the above.


Correct Option: D
Explanation:

SEBI plays a comprehensive role in promoting climate-related financial disclosures in India by issuing guidelines, reviewing and approving disclosures, and enforcing compliance.

Which of the following is not a key element of India's National Adaptation Fund for Climate Change (NAFCC)?

  1. Providing financial assistance to states and union territories for climate change adaptation.

  2. Promoting research and development on climate change adaptation.

  3. Building capacity for climate change adaptation at the local level.

  4. Providing insurance coverage for climate-related risks.


Correct Option: D
Explanation:

Providing insurance coverage for climate-related risks is not a key element of the NAFCC. The other three elements are all key components of the fund's mandate.

What is the role of the National Bank for Agriculture and Rural Development (NABARD) in supporting climate change adaptation in India?

  1. To provide financial assistance to farmers for climate-resilient agriculture.

  2. To promote research and development on climate-resilient agriculture.

  3. To build capacity for climate-resilient agriculture at the local level.

  4. All of the above.


Correct Option: D
Explanation:

NABARD plays a comprehensive role in supporting climate change adaptation in India by providing financial assistance, promoting research and development, and building capacity for climate-resilient agriculture.

Which of the following is not a key challenge faced by India in mobilizing financial resources for climate change adaptation?

  1. Lack of awareness about climate change risks.

  2. Lack of access to affordable finance.

  3. Lack of technical expertise in climate change adaptation.

  4. Lack of political will.


Correct Option: D
Explanation:

Lack of political will is not a key challenge faced by India in mobilizing financial resources for climate change adaptation. The other three challenges are all significant barriers to progress.

What is the role of the National Investment and Infrastructure Fund (NIIF) in supporting climate change mitigation and adaptation in India?

  1. To provide financial assistance to projects that promote renewable energy and energy efficiency.

  2. To provide financial assistance to projects that promote climate-resilient infrastructure.

  3. To provide financial assistance to projects that promote sustainable agriculture and forestry.

  4. All of the above.


Correct Option: D
Explanation:

The NIIF plays a comprehensive role in supporting climate change mitigation and adaptation in India by providing financial assistance to projects that promote renewable energy, energy efficiency, climate-resilient infrastructure, sustainable agriculture, and forestry.

Which of the following is not a key recommendation of the High-Level Committee on Climate Change (HLCCC) for mobilizing financial resources for climate change action in India?

  1. Increase public investment in climate change mitigation and adaptation.

  2. Promote private sector investment in climate change mitigation and adaptation.

  3. Establish a dedicated climate change fund.

  4. Reform the tax system to incentivize climate-friendly investments.


Correct Option: C
Explanation:

Establishing a dedicated climate change fund is not a key recommendation of the HLCCC. The other three recommendations are all key components of the committee's report.

What is the role of the Reserve Bank of India (RBI) in promoting climate-related financial disclosures in India?

  1. To issue guidelines for banks and financial institutions on climate-related financial disclosures.

  2. To review and approve climate-related financial disclosures made by banks and financial institutions.

  3. To enforce compliance with climate-related financial disclosure requirements for banks and financial institutions.

  4. All of the above.


Correct Option: D
Explanation:

The RBI plays a comprehensive role in promoting climate-related financial disclosures in India by issuing guidelines, reviewing and approving disclosures, and enforcing compliance for banks and financial institutions.

Which of the following is not a key challenge faced by India in implementing its climate change policies?

  1. Lack of financial resources.

  2. Lack of technical expertise.

  3. Lack of political will.

  4. Lack of public awareness.


Correct Option: C
Explanation:

Lack of political will is not a key challenge faced by India in implementing its climate change policies. The other three challenges are all significant barriers to progress.

What is the role of the Green Climate Fund (GCF) in supporting India's climate change efforts?

  1. To provide financial assistance to developing countries for climate change mitigation and adaptation.

  2. To promote technology transfer from developed countries to developing countries.

  3. To build capacity in developing countries for climate change research and development.

  4. All of the above.


Correct Option: D
Explanation:

The GCF plays a comprehensive role in supporting India's climate change efforts by providing financial assistance, promoting technology transfer, and building capacity for research and development.

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