Q. Consider the following statements regarding “Green Climate Fund”:
1. It was launched at Paris agreement.
2. It is a financial mechanism for UNFCCC.
Which of the statements given above is/are correct?
Answer: B
Notes:
Explanation: Green Climate Fund (GCF) was established in 2010 as financial mechanism for UNFCCC based in Incheon, South Korea.
It supports programs, policies, projects, etc. through a state-of-the-art funding window that involves a country owned partnership approach and flexible financing solutions and climate investment expertise.
Source: FORUMIAS
