Consider the following statements about Montreal Protocol The Vienna Convention on the ozone layer a...........

Environment and Ecology (Easy) Envirnment and Climate Change

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Consider the following statements about Montreal Protocol

The Vienna Convention on the ozone layer and the subsequent Montreal Protocol on substance that depleted the ozone layer, adopted in 1987.
The protocol provided for a multilateral fund to assist developing countries cover their incremental costs in eliminating CFCs or ODS.

Which of the statements given above is/are correct?

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

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Explanation:

The Vienna Convention for the Protection of the Ozone Layer formalized international cooperation on the issue which resulted in the signing of the Montreal Protocol on Substances that Deplete the Ozone Layer in 1987. The Multilateral Fund, under an international treaty, was created under the Protocol in 1990 to provide financial assistance to developing countries to help them achieve their phase out obligations. The Montreal Protocol sets binding progressive phase out obligations for developed and developing countries for all the major ozone depleting substances, including chlorofluorocarbons (CFCs), halons and less damaging transitional chemicals such as hydrochlorofluorocarbons (HCFCs). Hence option 3rd is correct.