Consider the following regarding Green Climate Fund 1 GCF is overseen by a United Nat...........

Environment and Ecology Envirnment and Climate Change

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Consider the following regarding Green Climate Fund:

1) GCF is overseen by a United Nations General Assembly.

2) Fund will be used for adaptation and mitigation measures.

Select the correct statement/s using codes given below:

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

1st statement is incorrect.
The Green Climate Fund (GCF) is a fund established within the framework of the UNFCCC to assist developing countries in adaptation and mitigation practices to counter climate change. The GCF is based in the new Songdo district of Incheon, South Korea.