Consider the following statements about the Green Climate Fund GCF 1 n...........

Environment and Ecology Envirnment and Climate Change

Download Solution PDF

Consider the following statements about the Green Climate Fund (GCF):

1. It was created under the United Nations Framework Convention on Climate Change (UNFCCC).

2. It was created to support the efforts of developing countries to respond to the challenge of climate change.

Which of the above statements is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

छोटे Courses बड़े Results

Master Envirnment and Climate Change

Prepare through Micro-courses

Try Now

Explanation:

?Statement 1 is correct. The Green Climate Fund (GCF) is a new global fund created to support the efforts of developing countries to respond to the challenge of climate change. GCF helps developing countries limit or reduce their greenhouse gas (GHG) emissions and adapt to climate change. It seeks to promote a paradigm shift to low-emission and climate-resilient development, taking into account the needs of nations that are particularly vulnerable to climate change impacts.

Statement 2 is correct. The Green Climate Fund (GCF) was set up by the 194 countries who are parties to the United Nations Framework Convention on Climate Change (UNFCCC) in 2010, as part of the Convention’s financial mechanism. It aims to deliver equal amounts of funding to mitigation and adaptation, while being guided by the Convention’s principles and provisions.