With reference to ‘Global Environment Facility’, which of the following statements is/ are correct?
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A.
It serves as financial mechanism for ‘Convention on Biological Diversity’ and ‘United Nations Framework Convention on Climate Change’.
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B.
It undertakes scientific research on environmental issues at global level.
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C.
It is an agency under OECD to facilitate the transfer of technology and funds to underdeveloped countries with specific aim to protect their environment.
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D.
Both (a) and (b)
Correct Answer:
A. It serves as financial mechanism for ‘Convention on Biological Diversity’ and ‘United Nations Framework Convention on Climate Change’.
Explanation:
The Global Environment Facility (GEF) functions as an autonomous financial entity that offers grant funding for initiatives addressing biodiversity, climate change, international water resources, land degradation, the ozone layer, and persistent organic pollutants.
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