National Adaptation Fund for Climate Change NAFCC was established to support adaptation activities i...........

Geography and Environment (CSC) Others

National Adaptation Fund for Climate Change (NAFCC) was established to support adaptation activities in the States and Union Territories (UTs) of India that are vulnerable to the adverse effects of climate change.

1. NABARD has been designated as National Implementing Entity (NIE) for implementation of adaptation projects

2. It is funded by the Green Climate Fund.

Which of the above statement/s with respect to the National Adaptation Fund for Climate Change is/are correct?

1 Only

2 Only

Both 1 and 2

None of the above

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Explanation:

1 Only

The National Adaptation Fund for Climate Change (NAFCC) is a Central Sector Scheme which was set up in the year 2015-16.
The overall aim of NAFCC is to support concrete adaptation activities which mitigate the adverse effects of climate change.
National Bank for Agriculture and Rural Development (NABARD) is the National Implementing Entity (NIE).
The Fund is financed largely by government and private donors, and also from a two percent share of proceeds of Certified Emission Reductions (CERs) issued under the Protocol's Clean Development Mechanism projects