- Home
- General Knowledge
- Ecology and Environment
- Conservation efforts: India and World
- Environmental Acts Policies Conventions
Question
Download Solution PDFWhich of the following statements regarding India’s climate finance policies is/are correct?
1. Perform, Achieve, and Trade (PAT) Scheme incentivizes industries to reduce their carbon intensity by trading energy-saving certificates.
2. Renewable Energy Certificates (RECs) are issued to power producers who generate renewable energy and allow entities to meet their Renewable Purchase Obligations (RPOs).
3. Sovereign Green Bonds issued by the Government of India are primarily used to finance growth projects including fossil fuel based energy projects.
Select the correct answer using the codes below:
- 2 and 3 only
- 1 and 2 only
- 1 and 3 only
- 1, 2 and 3
Answer (Detailed Solution Below)
Option 2 : 1 and 2 only
India's Super Teachers for all govt. exams Under One Roof
FREE
Demo Classes Available*
Enroll For Free Now
Detailed Solution
Download Solution PDFThe correct answer is Option 2
Key Points
- PAT Scheme (under the Bureau of Energy Efficiency) allows industries to trade energy-saving certificates to meet carbon intensity reduction targets. Hence, Statement 1 is correct.
- Renewable Energy Certificates (RECs) help entities fulfill their Renewable Purchase Obligations (RPOs) by investing in clean energy. Hence, Statement 2 is correct.
- Sovereign Green Bonds are issued by the Government of India to finance renewable energy, green mobility, and sustainable projects, NOT fossil fuel based projects.Hence, Statement 3 is incorrect.
India’s #1 Learning Platform
Start Complete Exam Preparation
Daily Live MasterClasses
Practice Question Bank
Mock Tests & Quizzes
Trusted by 7.2 Crore+ Students