Q. Consider the following statements regarding the Tropical Forests Forever Facility (TFFF):
1.It aims to remunerate countries for keeping forests intact and making standing forests economically preferable to deforestation.
2.India is a permanent founding member of the facility.
Which of the statements given above is/are correct?
Answer: A
Notes:
Explanation: 1 only
Statement 1 is correct: The TFFF is a mechanism that incentivizes conserving and expanding tropical forests by making predictable annual payments for maintaining standing forests. The Facility aims to remunerate countries for keeping forests intact, valuing ecosystem services, and making standing forests economically preferable to deforestation.
Statement 2 is incorrect: The initiative is led by Brazil, with India participating as an Observer.
Source: TNIE
