With reference to “Global Environment Facility”, which of the following statements is/are correct?

1. A. It serves as financial mechanism for “Convention on Biological Diversity” and “United Nations Framework Convention on Climate Change”.
2. B. It undertakes scientific research on environmental issues at global level.
3. C. It is an agency under OECD to facilitate the transfer of technology and funds to underdeveloped countries with specific aim to protect their environment.
4. D. Both a and b.

Answer: A

Explanation

GEF is an independently operating financial organization, the GEF provides grants for projects related to biodiversity, climate change, international waters, land degradation, the ozone layer, and persistent organic pollutants.