Consider the following statements 1 The Adaptation Fund was established to finance concrete adaptati...........

Environment and Ecology Environment- Institutional Structure

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Consider the following statements:

1.The Adaptation Fund was established to finance concrete adaptation projects in developing country Parties to the Kyoto Protocol that are particularly vulnerable to the adverse effects of climate change.

2.Green Climate Fund aims to deliver equal amounts of funding to mitigation and adaptation while being guided by the Convention’s principles and provisions.

3.Green Climate Fund is financed with a share of proceeds from the clean development mechanism project activities.

Which of the statements given above is/are correct?

1 and 2 only

1 and 3 only

2 and 3 only

1 , 2 and 3

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Explanation:

1 and 2 only.

The Adaptation Fund is a financial instrument under the UNFCCC and its Kyoto Protocol (KP) and has been established to finance concrete adaptation projects and programmes in developing country Parties to the KP, in an effort to reduce the adverse effects of climate change facing communities, countries and sectors.
The Green Climate Fund is a fund for climate finance that was established within the framework of the United Nations Framework Convention on Climate Change. Its objective is to assist developing countries with climate change adaptation and mitigation activities.

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