Prelims 2015 · Environment · Question 49
Which of the following statements regarding 'Green Climate Fund' is/are correct?<br/>1. It is intended to assist the developing countries in adaptation and mitigation practices to counter climate change.<br/>2. It is founded under the aegis of UNEP, OECD, Asian Development Bank and World Bank.<br/><br/>Select the correct answer using the codes given below.
Answer
1 only
1. Correct. The Green Climate Fund (GCF) was created under the UNFCCC to help developing countries in adaptation and mitigation efforts against climate change.
2. Incorrect. It was not founded under UNEP, OECD, ADB and World Bank. It was established by the UNFCCC/COP (at Cancun, 2010); the World Bank only served as an interim trustee.
Therefore, only statement 1 is correct.