Climate Change & Issues Facing Indian Economy
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Indian Economy and Indian Financial System — JAIIB.
One-liners from this chapter
Free sample — 8 of 65 rapid-fire Q&A cards.
What is the primary international agreement under which India has committed to reducing greenhouse gas emissions?
India has committed to reducing emissions under the Paris Agreement (2015), pledging to reduce emissions intensity of GDP by 45% by 2030 compared to 2005 levels.
What is the Paris Agreement target for limiting global temperature rise above pre-industrial levels?
Limiting warming to 1.5°C to 2°C above pre-industrial levels.
What does NDC stand for in the context of India's climate commitments?
NDC stands for Nationally Determined Contribution, which is India's self-declared climate action plan submitted under the Paris Agreement outlining emission reduction targets and adaptation measures.
What is the Green Climate Fund (GCF) and how does India benefit from it?
UN fund channeling climate finance to developing nations including India.
What is the target share of non-fossil fuel-based electricity capacity India aims to achieve by 2030?
India targets achieving 50% of its cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030 under its updated NDC.
What is the Panchamrit pledge India announced at COP26 in Glasgow?
Five commitments including 500 GW renewable energy and net-zero by 2070.
What is 'climate finance' and why is it important for developing economies like India?
Climate finance refers to local, national, or transnational financing drawn from public, private, and alternative sources to support mitigation and adaptation actions; it is crucial for India to fund green infrastructure without compromising fiscal deficit targets.
What is the role of the Task Force on Climate-related Financial Disclosures (TCFD) in banking?
Provides framework for banks to disclose climate-related financial risks.
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