Question

The World Bank  has approved ______ in financing to accelerate the development of India’s low carbon energy sector which will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen and stimulating climate finance for low-carbon energy investments.

A $1.2 billion Correct Answer Incorrect Answer
B $1.5 billion Correct Answer Incorrect Answer
C $1.7 billion Correct Answer Incorrect Answer
D $1.9 billion Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

The World Bank  has approved $1.5 billion in financing to accelerate the development of India’s low carbon energy sector. The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen and stimulating climate finance for low-carbon energy investments.  The program will support the successful implementation of the National Green Hydrogen Mission that aims to stimulate $100 billion in private sector investment by 2030.  The program aims to scale up renewable energy supply by reducing costs and improving power grid integration, while helping India reach its committed 500 gigawatts (GW) of renewable energy capacity by 2030.

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