New NABARD Grade A 2024 Results out!! Register here for a free live workshop on Feb 26, 2025 at 5 PM. Only on Zoom.

    Question

    Union Minister for Finance & Corporate Affairs Smt.

    Nirmala Sitharaman approves the final Sovereign Green Bonds framework of India. This approval will further strengthen India’s commitment towards its NDC targets, adopted under the Paris Agreement, and help in attracting global and domestic investments in eligible green projects. What does the “C” stand for in NDC?
    A Color Correct Answer Incorrect Answer
    B Climate Change Correct Answer Incorrect Answer
    C Company Correct Answer Incorrect Answer
    D Contribution Correct Answer Incorrect Answer
    E Collateral Correct Answer Incorrect Answer

    Solution

    Union Finance Ministry approved the final Sovereign Green Bonds framework of India. This approval will further strengthen India’s commitment towards its Nationally Determined Contribution (NDCs) targets, adopted under the Paris Agreement, and help in attracting global and domestic investments in eligible green projects. The proceeds generated from issuance of such bonds will be deployed in Public Sector projects which help in reducing carbon intensity of the economy.

    Practice Next

    Relevant for Exams: