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With reference to ‘Network for Greening the Financial System’, consider the following statements:
1. It is a global network of government authorities advocating a more sustainable renewable energy production and consumption.
2. It was created at the Paris One Planet Summit in 2017.
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
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
With reference to ‘Network for Greening the Financial System&rsq...
  • The Network for Greening the Financial System is a global network of central banks and supervisory authorities advocating a more sustainable financial system. Hence, statement 1 is not correct.
    • It aims to analyse the consequences of climate change for the financial system and to redirect global financial flows in order to enable low-carbon economic growth.
  • It was created at the Paris One Planet Summit in December 2017 and its secretariat is hosted by the Banque de France. Hence, statement 2 is correct.
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With reference to ‘Network for Greening the Financial System’, consider the following statements:1. It is a global network of government authorities advocating a more sustainable renewable energy production and consumption.2. It was created at the Paris One Planet Summit in 2017.Which of the statements given above is/are correct ?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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