Q. Consider the following statements with respect to climate finance:
1.It refers to finances drawn from different sources that seeks to support mitigation and adaptation actions to address climate change.
2.The largest source of climate finance in India is public spending.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Statement 1: Climate finance refers to local, national or transnational financing drawn from public, private and alternative sources of financing that seeks to support mitigation and adaptation actions that will address climate change.

Statement 2: The largest source of climate finance in India is public spending done through budgetary allocation and various schemes such as National Clean Energy Fund (NCEF).

Source: Hindustan Times

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