Which of the following statements about Green Climate Fund Is are correct 1 NAB...........

Environment and Ecology Envirnment and Climate Change

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Which of the following statements about Green Climate Fund Is/are correct?

1. NABARD is only Indian Organisation to get Direct Entity Status of the Green Climate Fund.

2. GCF was formally set up as part of Durban Platform in 2011.

3. Under GCF it was decided to raise $1000 billion every year by 2020.

Choose the correct alternative:

1 and 2 only

1 and 3 only

2 and 3 only

1, 2 and 3

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Explanation:

NABARD becomes the first Indian Organisation to get Direct Access Entity status of the Green Climate Fund. The Green Climate Fund was set up under the United Nations Framework Convention on Climate Change to assist developing countries in adaptation and mitigation practices to counter climate change. It was formally set up as part of the Durban Platform where it was decided to raise $100 billion a year by 2020. The fund is maintained in South Korea.