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Which of the following is/are true regarding multilateral climate funds?
1. Global environment facility (GEF) was established as the financial mechanism of UNICCC in 2011.
2. Green climate fund (GCF) is a financial mechanism of biodiversity and climate change convention in1992 for helping developed countries.
3. Clean technology fund is the first largest multilateral climate fund.
2. Green climate fund (GCF) is a financial mechanism of biodiversity and climate change convention in1992 for helping developed countries.
3. Clean technology fund is the first largest multilateral climate fund.
Select the correct answer from the following codes
- a)Only 1
- b)Only 1 and 2
- c)Only 2 and 3
- d)None
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
Which of the following is/are true regarding multilateral climate fund...
Global Environment Facility (GEF)
- The Global Environment Facility (GEF) was established as the financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC) in 1991, not 2011.
- GEF provides grants and concessional funding to developing countries for projects that benefit the global environment and promote sustainable development.
Green Climate Fund (GCF)
- The Green Climate Fund (GCF) was established in 2010 as a financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC) to help developing countries in their efforts to combat climate change.
- GCF supports projects and programs that reduce greenhouse gas emissions and enhance the resilience of vulnerable communities to the impacts of climate change.
Clean Technology Fund
- The Clean Technology Fund (CTF) is a multilateral climate fund that was established in 2008.
- While CTF is one of the largest multilateral climate funds, it is not the first largest. The Green Climate Fund (GCF) is currently the largest multilateral climate fund.
Therefore, none of the statements provided in the options are completely accurate. The correct answer is option 'D'.
- The Global Environment Facility (GEF) was established as the financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC) in 1991, not 2011.
- GEF provides grants and concessional funding to developing countries for projects that benefit the global environment and promote sustainable development.
Green Climate Fund (GCF)
- The Green Climate Fund (GCF) was established in 2010 as a financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC) to help developing countries in their efforts to combat climate change.
- GCF supports projects and programs that reduce greenhouse gas emissions and enhance the resilience of vulnerable communities to the impacts of climate change.
Clean Technology Fund
- The Clean Technology Fund (CTF) is a multilateral climate fund that was established in 2008.
- While CTF is one of the largest multilateral climate funds, it is not the first largest. The Green Climate Fund (GCF) is currently the largest multilateral climate fund.
Therefore, none of the statements provided in the options are completely accurate. The correct answer is option 'D'.
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Community Answer
Which of the following is/are true regarding multilateral climate fund...
The Green Climate Fund (GCF) is the largest, The second largest is the Clean Technology Fund (CTF). The GCF was established as an operating entity of the financial mechanism of the UNFCCC in 2011. In 1992, when the Biodiversity and Climate Change Conventions were adopted at Rio de Janeiro, the GEF was adopted as a financial mechanism for helping developing countries meet their financing needs for achieving their climate change goals.
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Which of the following is/are true regarding multilateral climate funds?1. Global environment facility (GEF) was established as the financial mechanism of UNICCC in 2011.2.Green climate fund (GCF)is a financial mechanism of biodiversity and climate change convention in1992 for helping developed countries.3.Clean technology fund is the first largest multilateral climate fund.Select the correct answer from the following codesa)Only 1b)Only 1 and 2c)Only 2 and 3d)NoneCorrect answer is option 'D'. Can you explain this answer?
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Which of the following is/are true regarding multilateral climate funds?1. Global environment facility (GEF) was established as the financial mechanism of UNICCC in 2011.2.Green climate fund (GCF)is a financial mechanism of biodiversity and climate change convention in1992 for helping developed countries.3.Clean technology fund is the first largest multilateral climate fund.Select the correct answer from the following codesa)Only 1b)Only 1 and 2c)Only 2 and 3d)NoneCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following is/are true regarding multilateral climate funds?1. Global environment facility (GEF) was established as the financial mechanism of UNICCC in 2011.2.Green climate fund (GCF)is a financial mechanism of biodiversity and climate change convention in1992 for helping developed countries.3.Clean technology fund is the first largest multilateral climate fund.Select the correct answer from the following codesa)Only 1b)Only 1 and 2c)Only 2 and 3d)NoneCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is/are true regarding multilateral climate funds?1. Global environment facility (GEF) was established as the financial mechanism of UNICCC in 2011.2.Green climate fund (GCF)is a financial mechanism of biodiversity and climate change convention in1992 for helping developed countries.3.Clean technology fund is the first largest multilateral climate fund.Select the correct answer from the following codesa)Only 1b)Only 1 and 2c)Only 2 and 3d)NoneCorrect answer is option 'D'. Can you explain this answer?.
Which of the following is/are true regarding multilateral climate funds?1. Global environment facility (GEF) was established as the financial mechanism of UNICCC in 2011.2.Green climate fund (GCF)is a financial mechanism of biodiversity and climate change convention in1992 for helping developed countries.3.Clean technology fund is the first largest multilateral climate fund.Select the correct answer from the following codesa)Only 1b)Only 1 and 2c)Only 2 and 3d)NoneCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following is/are true regarding multilateral climate funds?1. Global environment facility (GEF) was established as the financial mechanism of UNICCC in 2011.2.Green climate fund (GCF)is a financial mechanism of biodiversity and climate change convention in1992 for helping developed countries.3.Clean technology fund is the first largest multilateral climate fund.Select the correct answer from the following codesa)Only 1b)Only 1 and 2c)Only 2 and 3d)NoneCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is/are true regarding multilateral climate funds?1. Global environment facility (GEF) was established as the financial mechanism of UNICCC in 2011.2.Green climate fund (GCF)is a financial mechanism of biodiversity and climate change convention in1992 for helping developed countries.3.Clean technology fund is the first largest multilateral climate fund.Select the correct answer from the following codesa)Only 1b)Only 1 and 2c)Only 2 and 3d)NoneCorrect answer is option 'D'. Can you explain this answer?.
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