Q. Consider the following statements about the Global Environment Facility (GEF):
1.It was established after the United Nations Conference on the Human Environment in Stockholm in June 1972.
2.It provides financial assistance for many major international environmental conventions including the Stockholm Convention on Persistent Organic Pollutants (POPs).
3.The Fund is managed by the World Bank.
How many of the above statements are correct?
Answer: B
Notes:
Explanation: Statements 2 and 3 are correct
Statement 1 is incorrect: Global Environment Facility (GEF) was established on the eve of the 1992 Rio Earth Summit of UNFCC to help tackle our planet’s most pressing environmental problems.
Statement 2 is correct: It provides financial assistance for five major international environmental conventions:
- Minamata Convention on Mercury.
- Stockholm Convention on Persistent Organic Pollutants (POPs).
- United Nations Convention on Biological Diversity (UNCBD)
- United Nations Convention to Combat Desertification (UNCCD).
- United Nations Framework Convention on Climate Change (UNFCCC).
Statement 3 is correct: The Fund is managed by the World Bank under the supervision of the GEF Council, which is the GEF’s decision-making and control authority.
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