Q. Which of the following fund/s is/are managed by “global environment facility”?
1. Global Biodiversity Framework Fund
2. Asia – Africa Climate Change Fund
3. Island Countries Development Fund
Select the correct answer from below given codes:
Answer: A
Notes:
Explanation: The special funds set up and managed by the GEF are:
- The Special Climate Change Fund (SCCF) – It supports adaptation and technology transfer in all developing country parties to the UNFCCC, supporting both long-term and short-term adaptation activities in water resources management, land management, agriculture etc.,
- The Least Developed Countries Fund (LDCF) is established under the UNFCCC to address the special needs of the Least Developed Countries (LDCs) vulnerable to the adverse impacts of climate change.
- Global Biodiversity Framework Fund – a new source of funding for protecting endangered species and their ecosystems globally, which was approved by the GEF Council.
Source: FORUMIAS
