GCF Approves USD 200 Million for ADB’s Clean Energy Program in India

Current Context: On 1st July 2025, the Green Climate Fund (GCF) approved USD 200 million for a clean energy program in India led by the Asian Development Bank (ADB).

• This is ADB’s first GCF-supported initiative in India and aims to help the country move toward its goal of net-zero emissions by 2070.
• The program, called the India Green Finance Facility (IGFF), will support clean energy technologies like green hydrogen, compressed biogas, electric transport in rural areas, and round-the-clock renewable energy.
• A special feature of the program is a USD 65 million risk-sharing facility that will help small developers get easier access to loans, especially for biogas projects.
• ADB will work with Indian Development Finance Institutions (DFIs) to manage the funds and support the development of these projects.

Question:

Q.1 Which international organization approved USD 200 million on 1st July 2025 for the India Green Finance Facility (IGFF)?
a) World Bank
b) International Monetary Fund (IMF)
c) Green Climate Fund (GCF)
d) United Nations Development Programme (UNDP)

Answer: c) The GCF approved USD 200 million for the clean energy program in India. This funding supports India’s climate goals, particularly its target to achieve net-zero emissions by 2070.