New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Why should emerging economies have a definite plan

    before transitioning to renewable sources of energy?
    A The renewable sources are unreliable and erroneous. Correct Answer Incorrect Answer
    B They should allocate more money to set up renewable energy projects. Correct Answer Incorrect Answer
    C They might have to cut trade links with oil exporting countries, which will affect their relationships. Correct Answer Incorrect Answer
    D They should make sure that the revenue loss from taxes on fossil fuels will not create a short fall on funds allocated to poverty eradication and economic development. Correct Answer Incorrect Answer

    Solution

    In the passage, it is stated that “Emerging economies have an enormous opportunity to build more resilient and economically sustainable energy systems as they decarbonise — but they must plan ahead to avoid shortfalls in public revenues that could reverse progress on poverty eradication and economic development.”

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