Which of the following statements regarding Green Climate Fund is/are correct?It is intended to assi

Question

Which of the following statements regarding Green Climate Fund is/are correct?It is intended to assist the developing countries in adaptation and mitigation practices to counter climate change.It is founded under the aegis of UNEP, OECD, Asian Development Bank and World Bank.Select the correct answer using the codes given below.

Accepted Answer

The Green Climate Fund (GCF) is governed by the GCF Board and is structured into two main themes: mitigation and adaptation. It is a fund established within the framework of the UNFCCC (United Nations Framework Convention on Climate Change) to assist developing countries in their efforts to combat climate change through adaptation and mitigation practices.Source: Economic Survey