| 1. It is intended to assist the developing countries in adaption 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: |
A) 1
B) 2
C) 1 and 2
D) Neither 1 nor 2
Correct Answer: A
Solution :
[a] The Green Climate Fund (GCP) 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. The GCF is based in the new Songdo district of Incheon, South Korea. It is governed by a Board of 24 members and initially supported by an Interim Secretariat.
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