Which of the following statements regarding the “Green Climate Fund” is/are correct? 1. It is intended to assist developing countries in adaptation and mitigation practices to counter climate change. 2. It is founded under the aegis of UNEP, OECD, Asian Development Bank, and World Bank. Select the correct answer using the code given below.
- A. 1 only
- B. 2 only
- C. Both 1 and 2
- D. Neither 1 nor 2
Answer: A
Explanation
The Fund is governed by the GCF Board. GCF is currently structured into two themes-mitigation and adaptation. GCF is a fund within the framework of UNFCCC, and its trustee is World Bank.