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     Which of the following statements regarding ‘Green Climate Fund’ is/are correct?
    I. 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.

  • 1 only
  • 2 only
  • Both 1 and 2
  • Neither I nor 2
  • Explanation:

    The Green Climate Fund (GCF) is a fund within the framework of the UNFCCC founded as a mechanism to redistribute money from the developed to the developing world, in order to assist the developing countries in adaptation and mitigation practices to counter climate change.


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