Consider the following statements about Green Climate Fund 1 It was set up under the aegis of United...........

Environment and Ecology Envirnment and Climate Change

Consider the following statements about Green Climate Fund

1.It was set up under the aegis of United Nations Framework Convention on Climate Change (UNFCCC) during the Paris agreement in 2015.

2.It aims to deliver equal amounts of funding to mitigation and adaptation measures.

Which of the given statement/s is/are not correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

1 only

The Green Climate Fund (GCF) was indeed established under the United Nations Framework Convention on Climate Change (UNFCCC), but it was not specifically created during the Paris Agreement in 2015. The decision to establish the GCF was made at the 16th meeting of the Conference of the Parties (COP) in Cancun, Mexico, in 2010, as part of the efforts to mobilize climate finance.

The GCF aims to promote a balance between climate change mitigation and adaptation efforts. It is designed to support projects, programs, policies, and other activities in developing countries to address both aspects of climate change. Therefore, the second statement is correct.

So, the correct answer is "1 only."