With reference to the Green Climate Fund (GCF), consider the following statements:
1. It is a fund within the framework of Rio+20 conference.
2. It aims to redistribute money from developed and developing countries to the Least Developed Countries.
With reference to the Green Climate Fund (GCF), consider the following statements:
1. It is a fund within the framework of Rio+20 conference.
2. It aims to redistribute money from developed and developing countries to the Least Developed Countries.
The correct option is D None of the above
A The GCF is a fund within the framework of the UNFCCC (United Nations Framework Convention on Climate Change) founded as a mechanism to redistribute money from the developed to the developing countries, in order to assist the developing countries in adaptation and mitigation practices to counter climate change.
It aims 'to make a significant and ambitious contribution to the global efforts towards attaining the goals set by the international community to combat climate change.'
It was formally established by a UNFCCC decision in Durban, South Africa in December 2011. The groundwork for GCF was laid in the earlier, non-binding 'Copenhagen Accord' of 2009. It aims to raise 100 billion dollar per year in climate financing by 2020. Hence both statements are wrong.
None of the above
A The GCF is a fund within the framework of the UNFCCC (United Nations Framework Convention on Climate Change) founded as a mechanism to redistribute money from the developed to the developing countries, in order to assist the developing countries in adaptation and mitigation practices to counter climate change.
It aims 'to make a significant and ambitious contribution to the global efforts towards attaining the goals set by the international community to combat climate change.'
It was formally established by a UNFCCC decision in Durban, South Africa in December 2011. The groundwork for GCF was laid in the earlier, non-binding 'Copenhagen Accord' of 2009. It aims to raise 100 billion dollar per year in climate financing by 2020. Hence both statements are wrong.
