Which of the following statements regarding 'Green Climate Fund' is/are correct ?
1. It is intended to assist the developing countries in adaptation and mitigation practices to counter climate change.
2. It is founded under the aegis of UNEP, OECD, Asian Development Bank and World Bank.
Select the correct answer using the codes given below.
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A.
1 only
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B.
2 only
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C.
Both 1 and 2
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D.
Neither 1 nor 2
Correct Answer:
A. 1 only
Explanation:
The correct statements regarding the Green Climate Fund (GCF) are:
The Green Climate Fund is indeed intended to assist developing countries in adaptation and mitigation practices to counter climate change by providing financial resources to support climate-resilient development pathways.
The Fund is not founded under the aegis of UNEP, OECD, Asian Development Bank, and World Bank; rather, it was established within the framework of the United Nations Framework Convention on Climate Change (UNFCCC), and is governed by its own board and secretariat.
Therefore, only statement 1 is correct.
The correct answer is (a) 1 only.
Related
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