Which of the following fund/s is/are managed by “global environment facility”? 1. Global Biodiversity Framework Fund 2. Asia – Africa Climate Change Fund 3. Island Countries Development Fund Select the correct answer from below given codes: |ForumIAS

[A] Only one

[B] Only two

[C] Only three

[D] None

Answer: A

Notes:

Explanation: The special funds set up and managed by the GEF are:

The Special Climate Change Fund (SCCF) – It supports adaptation and technology transfer in all developing country parties to the UNFCCC, supporting both long-term and short-term adaptation activities in water resources management, land management, agriculture etc.,
The Least Developed Countries Fund (LDCF) is established under the UNFCCC to address the special needs of the Least Developed Countries (LDCs) vulnerable to the adverse impacts of climate change.
Global Biodiversity Framework Fund – a new source of funding for protecting endangered species and their ecosystems globally, which was approved by the GEF Council.

Source: FORUMIAS

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