Which of the following statements about the Green Climate Fund is are correct It is governed by a Bo...........

Environment and Ecology Envirnment and Climate Change

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

It is governed by a Board of 24 member countries representing developed and developing countries equally.
It was set up in the 16th session of the UNFCCC.

Choose the correct alternative:

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Third option is correct.

The GCF was established at the Sixteenth Conference of the United Nations Framework Convention on Climate Change (UNFCCC) in 2010. The headquarters of its secretariat is located in Songdo, Incheon, Seoul, South Korea Republic.

It channels taxpayer funds from rich countries, including the US, the UK, further EU member states and others, to developing countries that would otherwise struggle to invest in low-emissions technology, infrastructure and is considered a key vehicle for climate-related development programmes.
The GCF is governed by a Board of 24 members representing developed and developing countries equally.
It has recently approved more than $1 billion in new investments to tackle climate change after meeting in Manama-Kingdom of Bahrain.