Q. With reference to the Global Environment Facility (GEF), which of the following statements is/are correct?
1.It serves as a financial mechanism for several environmental conventions, including the UNFCCC and the Convention on Biological Diversity.
2.It exclusively funds projects related to renewable energy development in developed countries.
Select the correct answer using the code given below.
Answer: A
Notes:
Explanation:
- Statement 1: Correct. The GEF serves as a financial mechanism for multiple environmental conventions, including the UNFCCC and the Convention on Biological Diversity, funding projects in developing countries.
- Statement 2: Incorrect. The GEF does not exclusively fund renewable energy projects in developed countries; it focuses on global environmental issues, primarily in developing nations.
