Question
Which of the statements regarding ‘Green Climate Fund' is/are correct?
1. It is intended to assist the developing countries in adaption 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:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer:
A
To suggest corrections, send feedback using feedback button in top menu.
To suggest corrections, use feedback icon on top menu.
Explanation:
The Green Climate Fund (GCF) is indeed intended to assist developing countries in both adaptation and mitigation practices to counter climate change. The fund provides financial support for projects and programs that help developing countries reduce greenhouse gas emissions and adapt to the impacts of climate change.
The Green Climate Fund is primarily governed by the United Nations Framework Convention on Climate Change (UNFCCC) and operates under the guidance of its Conference of the Parties (COP).