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 code given below.

QUESTION

Medium

Environment & Ecology

Prelims 2015

Which of the following statements regarding ‘Green Climate Fund’ is/are correct?

It is intended to assist the developing countries in adaptation and mitigation practices to counter climate change.
It is founded under the aegis of UNEP, OECD, Asian Development Bank and World Bank

Select the correct answer using the code given below.

Select an option to attempt

Explanation

The Green Climate Fund was established specifically to support developing countries in their efforts to address climate change. It provides funding for projects aimed at reducing greenhouse gas emissions (mitigation) and adapting to the impacts of climate change (adaptation).

The GCF is worked under the UNFCCC (United Nations Framework Convention on Climate Change). Thus statement 2 is incorrect.

Trusted by 2L aspirants