FRAMED FROM THE HINDU -SEPTEMBER 2018
Q.348 Which of the
following best describes “Global Green Bond Partnership” sometimes seen in news
?
A) This partnership will spread catchment area over 68.9 sq km to
provide water for irrigation to cities, states regions.
B) These bonds are issued by world bank in partnership with the
government bodies, private organisations or individual scientists to increase
forest cover .
C) This partnership will support efforts of cities, states regions
, corporations, private companies to accelerate issuance of green bonds
D) These bonds are issued by world bank in partnership with the
government bodies, private organisations or individual scientists to provide
precious water for paddy crops
Ans. C
The Global Green Bond Partnership (GGBP) launched at the Global
Climate Action Summit (GCAS). This new partnership will support efforts of
sub-national entities such as cities, states, and regions, corporations and
private companies, and financial institutions to accelerate the issuance of
green bonds.
The founding members of the Global Green Bond Partnership GGBP
include the World Bank, IFC - a member of the World Bank Group, Amundi, European Investment Bank, Climate Bonds
Initiative, Ceres, ICLEI - Local Governments for Sustainability, Global
Covenant of Mayors for Climate & Energy (GCoM) and the Low Emissions
Development Strategies Global Partnership (LEDS GP).
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