| Which of the following statement(s) regarding 'Greer. Climate Fund' is/are correct? |
| 1. It is intended to assist the developing countries in adaptation and mitigation practices to counter climate change. |
| 2. It is founded under the aegis of UNER OECD, Asia Development Bank and World Bank. |
| Select the correct answer using the codes given below. |
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: A
Solution :
Exp. [a] The Green Climate Fund (GCF) is a fund within the framework the UNFCCC founded as a mechanism to redistribute money from the developed to the developing world, in order to assist the developing countries in adaptation and mitigation practices to counter climate change. Hence, option is correct.
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