Environment & Ecology · Environment

Evaluate the following statements regarding the implementation and financial aspects of India's response to Climate Change: Statement I: India's target of achieving Net Zero emissions by the year 2070 requires the country to mobilize more than 10 Trillion USD in climate finance, with the banking sector expected to play a marginal role. Statement II: The National Adaptation Fund for Climate Change (NAFCC) is a central sector scheme of the Government of India established to fund specific projects aimed at addressing the adverse impacts of climate change in vulnerable states/union territories. Statement III: The mechanism of Internal Carbon Pricing (ICP) is a voluntary tool used by large Indian corporations to assess the impact of a potential future Carbon Tax on their investment decisions and business models. Statement IV: The issuance of Sovereign Green Bonds by the Government of India is primarily designed to finance all infrastructure projects, regardless of their environmental attributes, provided they align with the national development agenda. Which of the above statements accurately describe the financial and strategic mechanisms of India's climate policy?