Question
Download Solution PDFConsider the following statements regarding India’s climate adaptation strategies:
- India’s adaptation spending has increased from 3.7% of GDP in FY16 to 5.6% in FY22, with the focus mainly on domestic funding.
- International climate finance has been sufficient to meet the country's adaptation needs, especially with a focus on adaptation rather than mitigation.
Answer (Detailed Solution Below)
Option 1 : 1 only
Detailed Solution
Download Solution PDFThe correct answer is 1 only
Key Points
- India has made significant efforts to adapt to climate change, increasing adaptation spending from 3.7% of GDP in FY16 to 5.6% in FY22. Hence statement 1 is correct
- However, international climate finance remains insufficient, and much of the funding comes from domestic resources. Hence statement 2 is incorrect