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.
Detailed Explanation:
✅ Statement 1 – Correct: The Green Climate Fund (GCF) is intended to assist developing countries in adaptation and mitigation practices to counter climate change, providing financial support for climate resilience and emission reduction projects.
❌ Statement 2 – Incorrect: The GCF was established under the United Nations Framework Convention on Climate Change (UNFCCC) at COP 16 in Cancun, 2010, not under the aegis of UNEP, OECD, Asian Development Bank, or World Bank.
Question 9 of 13 Other Global Climate Initiatives and Partnerships
Practice PYQ questions from this topic across all years
With reference to the International Union for Conservation of Nature and Natural Reso...
Which one of the following is associated with the issue of control and phasing out of...