2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$137 million
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$155 million
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$150 million
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$140 million
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Detailed explanation-1: -Dutch development bank FMO will invest $137 million (about ₹1, 000 crore) in India’s Green Growth Equity Fund (GGEF), managed by EverSource Capital, while the fund aims to raise a total of $940 million.
Detailed explanation-2: -This programme is India’s first of its kind climate-focused fund. It will invest in low-carbon and climate-resilient platforms across the energy value chain. This includes renewable energy generation, energy efficient technologies, low carbon transport and resource conservation, including water and waste management.
Detailed explanation-3: -The Green Climate Fund’s (GCF) aim is to expand collective human action to respond to climate change. The Fund aims to mobilize funding at scale to invest in low-emission and climate-resilient development on our home planet.