Consider the following statements about Global Environment Facility GEF 1 It is an initiative of OEC...........

Environment and Ecology Environment- Institutional Structure

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Consider the following statements about Global Environment Facility (GEF)

1.It is an initiative of OECD.

2.Only Nations recognised by UN can be its full members.

Choose the correct answer from the codes below

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Neither 1 nor 2

The Global Environment Facility (GEF) is not an initiative of the Organisation for Economic Co-operation and Development (OECD). It is an international financial institution that operates as a partnership of 183 countries, international institutions, civil society organizations, and the private sector. It was established on the eve of the 1992 Rio Earth Summit to address global environmental issues.

The GEF is open to all countries recognized by the international community. It is not limited to only nations recognized by the United Nations (UN). The GEF provides support to both developing and developed countries for projects related to biodiversity, climate change, international waters, land degradation, and chemicals.

Therefore, both statements 1 and 2 are incorrect, and the correct option is 4 - Neither 1 nor 2.