Read the following text carefully:
The growing carbon footprint of industries has put the power and steel sectors in the spotlight as major contributors to the climate crisis. The challenge of climate change can be tackled only by making our industries and businesses follow practices and processes that reduce their carbon footprint. This can be achieved only through green financing.
Green financing aims to increase the level of financial flows (from banking, micro-credit, insurance, and investment) from the public, private, and not-for-profit sectors toward sustainable development priorities.
Global green finance has also started targeting Indian companies. Global development finance institutions and funds are ready to offer long-term support (both equity and debt) at affordable rates to projects like solar energy and hydropower.
Green finance can positively affect environmental quality, economic development, and financial issues that promote the green economy, such as reducing greenhouse gas emissions, improving energy efficiency, or enhancing the organic economy.
On the basis of the given text and common understanding, answer the following questions:
- (a) State the meaning and objective of green finance.
- (b) Discuss any two benefits of green financing.
Read the following text carefully:
The growing carbon footprint of industries has put the power and steel sectors in the spotlight as major contributors to the climate crisis. The challenge of climate change can be tackled only by making our industries and businesses follow practices and processes that reduce their carbon footprint. This can be achieved only through green financing.
Green financing aims to increase the level of financial flows (from banking, micro-credit, insurance, and investment) from the public, private, and not-for-profit sectors toward sustainable development priorities.
Global green finance has also started targeting Indian companies. Global development finance institutions and funds are ready to offer long-term support (both equity and debt) at affordable rates to projects like solar energy and hydropower.
Green finance can positively affect environmental quality, economic development, and financial issues that promote the green economy, such as reducing greenhouse gas emissions, improving energy efficiency, or enhancing the organic economy.
On the basis of the given text and common understanding, answer the following questions:
- (a) State the meaning and objective of green finance.
- (b) Discuss any two benefits of green financing.
Show Hint
Solution and Explanation
Meaning and Objective of Green Finance:
Green finance refers to any structured financial activity — a product or service — that is created to ensure a better environmental outcome. It involves mobilizing financial resources towards sustainable and environment-friendly development projects.
The main objective of green finance is to direct investments toward initiatives that reduce the carbon footprint, support renewable energy sources, promote energy efficiency, and help in adapting to or mitigating climate change.
(b) Benefits of Green Financing:
- Environmental Protection and Climate Action: Green financing helps reduce carbon emissions by encouraging projects in renewable energy (like solar and hydropower), cleaner production, and sustainable transportation. It aligns financial growth with ecological sustainability.
- Promotion of Green Economy and Innovation: Green finance fosters technological innovation and research in eco-friendly products and processes. It promotes the development of green industries, which leads to long-term economic benefits like job creation, energy security, and sustainable production systems.
Top CBSE CLASS XII Economics Questions
___________ farming is a system that is helpful in restoring, maintaining and enhancing the ecological balance.
(Choose the correct alternative to fill in the blank):The present day rapid industrial growth in China can be traced back to the economic reforms introduced in 1978, where ________ .
(Choose the correct alternative to fill in the blank):
(i) Initially reforms were initiated in agriculture, foreign trade and investment sectors.
(ii) The policy of dual pricing was adopted.
(iii) The Government revoked the policy of Special Economic Zones.Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:
Assertion (A): In the recent past, Indian economy has been facing the problem of jobless growth.
Reason (R): Jobless growth refers to a situation where an economy is able to produce more goods and services without generating additional employment.Read the following statements carefully:
Statement 1: India, Pakistan, and China have similar physical endowments but totally different political systems.
Statement 2: Both India and Pakistan laid great emphasis on creating a large private sector.Read the following statements carefully:
Statement 1: India, Pakistan and China have similar physical endowments, but totally different political systems.
Statement 2: Both India and Pakistan laid great emphasis on creating a large private sector.
Top CBSE CLASS XII Environmental Economics Questions
- (b)(i) “Every coin has two sides — debate over farm subsidies is one such classic example of the same.”
Justify the given statement with two arguments each in favour of and against the continuation of the farm subsidies. - (a) State any two concerns owing to which the Central Pollution Control Board (CPCB) was established.
- (c) Elaborate any two strategies to ensure sustainable development as adopted by India.
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- Read the following text carefully: {India’s industrial policy since independence has been shaped broadly in terms of the Industrial Policy Resolution of 1948. It emphasized on the sole responsibility of the government in the matter of promoting, assisting, and regulating the development of industries in the national interest. It envisaged an active and dominant role of public sector.} {The next Industrial Policy Resolution was placed before the Parliament by the Prime Minister on 30th April, 1956. It suggested that, “There is a need for adoption of the socialist pattern of economy as the national objective, along with the need for planned and rapid development. It required that all industries of basic and strategic importance, or in public utility services, should be in the public sector.} {Other industries which are essential and require investment on a massive scale (which only the State could provide) have also to be in the public sector. Thus, the State has to assume direct responsibility for the future development of industries.”} {This Resolution classifies industries into three categories:} {The first category given in Schedule A, consists of industries the future development of which will be the exclusive responsibility of the State.} {In the second category given in Schedule B, are industries which will be progressively State-owned. However, in them, private enterprise will also be expected to participate.} {The third category comprises all the remaining industries, the further development of which will be left to the initiative and enterprise of the private sector.} On the basis of the given text and common understanding, answer the following questions:
Top CBSE CLASS XII Questions
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