Topic Details (Notes format)

Climate Finance and Carbon Markets

Subject: Economics

Book: Comprehensive Indian Economy - Additional Topics

Tackling climate change requires financing green initiatives—renewable energy, sustainable agriculture, low-carbon transport. Instruments like green bonds, carbon credits, or emission trading systems create market-based mechanisms to reduce emissions. In India, policy questions revolve around integrating carbon pricing with industrial growth, ensuring environmental justice, and leveraging global climate funds. Exams often explore how carbon markets align with national commitments under the Paris Agreement and the synergy with domestic development strategies.

Practice Questions

What is the significance of “Purchasing Power Parity” (PPP)?

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Which of the following is considered a public good?

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What is the concept of “invisible hand” associated with?

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Which of the following is NOT part of the World Bank Group?

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Which of the following factors is NOT included in the calculation of Human Development Index (HDI)?

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What is “quantitative easing”?

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What is meant by the term “current account deficit”?

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Which term refers to the decrease in the value of a currency relative to foreign currencies?

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Which of the following is a feature of a command economy?

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Which of the following is an example of a public sector undertaking (PSU) in India?

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