Direction: Study the information carefully and answer the questions given below.

All actions to address climate change ultimately involve costs. Funding is vital to countries like India when it comes to designing and

implementing the adaptation and mitigation plans and projects. The problem is more severe in the case of a country like India, given its need to finance development and the possibility that it will be amongst one of the most badly affected countries by climate change. However, the redeeming factor is that most of the countries of the world acknowledge the fact that climate change is a real

threat and are striving to address it in a more comprehensive and integrated manner with the limited resources at their disposal.

With reference to the above passage, consider the following statements:

1) Climate change is not a challenge for developed countries.

2) Climate change is a complex policy issue and also a development issue for many countries.

3) Diverse ways and means of finance must be found to enable developing countries to enhance their adaptive capacity.

Identify the valid assumptions in the given context.