Q. Consider the following statements with respect to the Green Climate Fund (GCF):
1.The GCF is a fund within the framework of the UNFCCC
2.Its aim is to assist developing countries in adaptation and mitigation practices to counter climate change.
3.It is managed by RBI and EXIM in India.
Select the correct answer from the given codes:
Answer: B
Notes:
Explanation: The GCF is a fund within the framework of the UNFCCC (United Nations Framework Convention on Climate Change) to assist developing countries in adaptation and mitigation practices to counter climate change.
- It was formally established by a UNFCCC decision in Durban, South Africa in December 2011.
- It was intended to be the centre piece of efforts to raise Climate Finance of $100 billion a year by 2020.
- NABARD and SIDBI have been accredited by the GCF as direct access entities. NABARD is the first entity from India to be accredited as Direct Access Entity (DAE).
Source: FORUMIAS
