Which of the following is related with the global environment facility GEF It serves the financial m...........

Environment and Ecology Sustainable Development

Which of the following is related with the global environment facility (GEF) ?

It serves the financial mechanisam for 'convention on biological diversity' and 'United Naton Framework Convention on Climate Change'.

It was established on the eve of the 1992 Rio Earth summit.

select the correct answer using the code given below:

a only

b only

both a and b

neither a nor b

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Explanation:

Global Environment Facility was established on the eve of the 1992 Rio Earth Summit to help tackle our planet’s most pressing environmental problems. GEF unites 183 countries in partnership with international institutions, civil society organizations, and the private sector to address global environmental issues while supporting national sustainable development initiatives. GEF provides grants for projects related to biodiversity, climate change etc. The GEF, although not linked formally to the Montreal Protocol on Substances that Deplete the Ozone Layer (MP), supports implementation of the Protocol in countries with economies in transition.