GyanGramWhich of the following statements regarding ‘Green Climate Fund’ is/are correct? 1. It is intended to assist…
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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
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• Correct Answer: A
• GCF assists developing countries in mitigation and adaptation under UNFCCC; established at COP 16 (Cancun, 2010).
• It is not founded by UNEP/OECD/ADB/WB; HQ in Songdo, South Korea.
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