2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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150 billion
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250 billion
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400 billion
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350 billion
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Detailed explanation-1: -Under the Paris Agreement 2015, India said it needs at least $2.5trn for climate actions till 2030.
Detailed explanation-2: -The allocation to the Climate Change Action Plan under the MoEFCC reduced from Rs 40 crore in 2020-21 to Rs 30 crore in 2021-22.
Detailed explanation-3: -The report, commissioned by Britain and Egypt as the past and current hosts of the UN summit, said that developing countries alone need a combined $1trn a year in external funding to meet the goals set out in their Nationally Determined Contributions, or NDCs (the climate action plan set out in the Paris Agreement).
Detailed explanation-4: -The Government of India launched National Action Plan on Climate Change (NAPCC) on 30thJune, 2008 outlining eight National Missions on climate change. These include: National Solar Mission. National Mission for Enhanced Energy Efficiency.
Detailed explanation-5: -The overall climate finance requirement by 2050 to achieve net zero emissions by 2070 will be in the order of tens of billions of dollars and around ₹85.6 trillion by 2030 for India’s adaptation needs, the document that runs into over 100 pages said.