Q49.
Which of the following statements regarding 'Green Climate Fund' is/are correct? 1. It is intended to assist the 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 codes given below.
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.