Consider the following about Green Climate Fund:
1. It is intended to provide US $100 billion each year by 2020 to help the mitigation and adaptation activities of the world's poorest countries.
2. It would be overseen by the Global Environment Facility (GEF).
Which of the statements given above is/are true?

Only 1

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Only 2

No worries! We‘ve got your back. Try BYJU‘S free classes today!

All of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Only 1
Green Climate Fund was formally established at the COP-16 held in Cancun in 2010. It is aimed at providing financial help to the developing world for mitigation and adaptation activities and its importance was emphasized again at the Paris Summit held in 2015. GCF is intended to provide $100 billion by 2020.

It is based in Incheon, South Korea and is governed by a Board of 24 members.

Suggest Corrections

Similar questions

इसे UNFCCC के तहत शमन से संबंधित परियोजनाओं के वित्तपोषण लिए स्थापित किया गया था।
यह वैश्विक पर्यावरण सुविधा (Global Environment Facility) द्वारा प्रशासित है।

COP 21 under UNFCCC adopted Paris Agreement on Climate Change

1. Agreement facilitates GHG emissions reduction measures post-Kyoto (2020)

2. It seeks to limit global average temperature below 2 °C above pre-industrial levels

3. Developed countries to raise $100 billion per year as the floor by 2020

4. Provides review of the implementation of agreement every five year.

Which of the statements given above is/are correct?

Consider the following statements about Global Environment Facility –

Which of the above mentioned statements is/are correct?

29. Consider the following statements related to Global Environment facility ( GEF)

i. The GEF is the largest public funder of projects to improve the global environment.

ii. The GEF also serves as financial mechanism for United Nations Framework Convention on Climate Change (UNFCCC)

Which of the above statements is/are correct?

Join BYJU'S Learning Program