Q. Consider the following statements:
Statement-I: India has set a target of achieving 500 GW of installed renewable energy capacity by 2030 and reaching net zero by 2070.
Statement-II: Under the Low-Carbon Energy Programmatic Development Policy Operation, the World Bank is providing finances to help India accelerate the development of low-carbon energy.
Which one of the following is correct in respect of the above statements?

[A] Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I

[B] Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I

[C] Statement-I is correct but Statement-II is incorrect

[D] Statement-I is incorrect but Statement-II is correct

Answer: A
Notes:

Explanation –

Statement I is correct. India has set a target of achieving 500 GW of installed renewable energy capacity by 2030 and reaching net zero by 2070.

Statement-II is correct. Under the Low-Carbon Energy Programmatic Development Policy Operation, the World Bank is providing finances to help India accelerate the development of low-carbon energy. The World Bank has approved a second round of 1.5 billion dollars in financing to help India accelerate the development of low-carbon energy. The financing is extended to promote a market for green hydrogen, electrolysers, and increased renewable energy penetration.

Hence, Statement-II provide an explanation for Statement-I. The World Bank’s financing through the Low-Carbon Energy Programmatic Development Policy Operation is directly aimed at helping India achieve its low-carbon energy targets, including the goals mentioned in Statement-I.

Source: AIR

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