Explanation:

All statements are correct.

Global Environment Facility (GEF)

• The 7th Assembly of the Global Environment Facility (GEF) is set to begin in Vancouver, Canada.

• The Global Environment Facility (GEF) is a family of funds dedicated to confronting biodiversity loss, climate change, pollution and strains on land and ocean health.

• GEF funds are available to developing countries seeking to meet the objectives of international environmental agreements.

• Its grants, blended financing, and policy support helps developing countries address their biggest environmental priorities and adhere to international environmental conventions.

• GEF is the world’s largest multilateral funder of environmental action, is tasked with running the fund and has to mobilise at least 200 billion dollar per year by 2030.

• GEF accepts donations from countries, philanthropies and the private sector.

• The ratification of the Global Biodiversity Framework Fund (GBFF) is on agenda of the 7th Assembly of the Global Environment Facility (GEF).

• Global Biodiversity Framework Fund (GBFF) would ensure that sufficient money is available for conservation and restoration of species and ecosystems.

• The fund was envisaged at the 15th Conference of Parties to the Convention on Biological Diversity (COP15 CBD) in 2022.

Hence option 3rd is correct.