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What is the importance of defining climate finance?
  • a)
    To ensure that developing countries have access to financial, technology, and capacity-building support
  • b)
    To ensure that all financial investments are green investments
  • c)
    To ensure that only renewable energy projects receive financial support
  • d)
    To ensure that only sustainable agriculture projects receive financial support
Correct answer is option 'A'. Can you explain this answer?
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What is the importance of defining climate finance?a)To ensure that de...
Defining climate finance is important to ensure that transparent and consistent information on support provided and mobilized through public interventions for developing country Parties be provided by developed countries. The answer is (a).
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Read the information given below carefully and answer the following question.Rural India face serious shortages – power, water, health facilities, roads, etc. – these are known and recognized. However, the role of technology in solving these and other problems is barely acknowledged and the actual availability of technology in ruralareas is marginal. The backbone of the rural economy is agriculture; which also provides sustenance to over half the country’s population. The “Green Revolution” of the 1970s was, in fact, powered by the scientific work in various agricultural research institutions. Which some fault the Green Revolution for excessive exploitation of water and land resources through overuse of fertilizers, it did bring about a wheat surplus and prosperity in certain pockets of the country. In rural India today, there is a dire inadequacy of both science (i.e. knowledg e) and technology (which derives from science and manifests itself in physical form). The scope to apply technology to both farm and non-farm activities in rural areas is huge, as are the potential benefits. In fact, crop yields are far lower than what they are in demonstration farms, where science and technology are more fully applied. Technologies that reduce power consumption of pumps are vital; unfortunately, their use is minimal, since agricultural power is free or largely subsidized. Similarly, there is little incentive to optimize-through technology or otherwise-water use, especially in irrigated areas (a third of total arable lan d), given employment and incomes, but at present deployment of technology is marginal. Cold storage and cold-chains for transportation to market is of great importance for many agricultural products-particularly, fruits and vegetables-but are non-existent. These are clearly technologies with an immediate return on investment, and benefits for all; the farmer, the end-consumer, thetechnology provider. However, regulatory and structural barriers are holding back investments. Power is a key requirement in rural areas, for agricultural as well as domestic uses. Technology can provide reliable power at comparatively low cost in a decentralized manner. However, this needs to be upgraded and scaled in a big way, with emphasis on renewable and nonpolluting technologies. Reliable and low cost means of transporting goods and people is an essential need for rural areas. The bullock-cart and the tractor-trailer are present vehicles of choice. Surely, technology can provide a better, cheaper and more efficient solution? Information related to commodity prices, agricultural practices, weather, etc., are crucial for the farmer. Technology can provide these through technology mobile phones, which is a proven technology; however, the challenge to ensure connectivity remains. Thus, there is a pressing need for technology as currently economic growth-though skewed and iniquitous-has created an economically attractive market in rural India.Q.What has hampered investment in post-harvest technologies?

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What is the importance of defining climate finance?a)To ensure that developing countries have access to financial, technology, and capacity-building supportb)To ensure that all financial investments are green investmentsc)To ensure that only renewable energy projects receive financial supportd)To ensure that only sustainable agriculture projects receive financial supportCorrect answer is option 'A'. Can you explain this answer?
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What is the importance of defining climate finance?a)To ensure that developing countries have access to financial, technology, and capacity-building supportb)To ensure that all financial investments are green investmentsc)To ensure that only renewable energy projects receive financial supportd)To ensure that only sustainable agriculture projects receive financial supportCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What is the importance of defining climate finance?a)To ensure that developing countries have access to financial, technology, and capacity-building supportb)To ensure that all financial investments are green investmentsc)To ensure that only renewable energy projects receive financial supportd)To ensure that only sustainable agriculture projects receive financial supportCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the importance of defining climate finance?a)To ensure that developing countries have access to financial, technology, and capacity-building supportb)To ensure that all financial investments are green investmentsc)To ensure that only renewable energy projects receive financial supportd)To ensure that only sustainable agriculture projects receive financial supportCorrect answer is option 'A'. Can you explain this answer?.
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