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With reference to 'Global Environment Facility', which of the following statements is/are correct?
- a)It is an agency under OECD to facilitate the transfer of technology and funds to underdeveloped countries with specific aim to protect their environment
- b)It undertakes scientific research on environmental issues at global level
- c)It serves as financial mechanism for 'Convention on Biological Diversity' and 'United Nations Framework Convention on Climate Change'
- d)Both (a) and (b)
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
With reference to Global Environment Facility, which of the following ...
The correct answer is option 'C': Both 1 and 2.
Explanation:
The Global Environment Facility (GEF) is an international financial institution that provides grants to developing countries for projects that benefit the global environment. It was established in 1991 at the Rio Summit held in Rio de Janeiro, Brazil. The GEF aims to address the world's most pressing environmental problems by providing financial resources to support the objectives of international environmental conventions and agreements.
Let's analyze each statement to understand why they are both correct:
1) It was established at the Rio 10 Summit held at Johannesburg to help tackle most pressing environmental problems.
This statement is correct. The GEF was established at the Rio Summit, also known as the Earth Summit, held in Rio de Janeiro, Brazil in 1992. The summit aimed to address various environmental challenges and promote sustainable development. The GEF was created as a financial mechanism to help tackle these pressing environmental problems by providing funding for projects in developing countries.
2) GEF funds are available to all countries to meet the objectives of the international environmental conventions and agreements.
This statement is also correct. The GEF provides funds to all countries, both developing and developed, to help them meet the objectives of international environmental conventions and agreements. These agreements include conventions such as the United Nations Framework Convention on Climate Change (UNFCCC), the Convention on Biological Diversity (CBD), and the United Nations Convention to Combat Desertification (UNCCD). The GEF supports projects that aim to address issues related to climate change, biodiversity conservation, land degradation, international waters, and chemicals and waste management, among others.
In conclusion, both statements are correct. The GEF was established at the Rio Summit to tackle pressing environmental problems, and its funds are available to all countries to meet the objectives of international environmental conventions and agreements.
Explanation:
The Global Environment Facility (GEF) is an international financial institution that provides grants to developing countries for projects that benefit the global environment. It was established in 1991 at the Rio Summit held in Rio de Janeiro, Brazil. The GEF aims to address the world's most pressing environmental problems by providing financial resources to support the objectives of international environmental conventions and agreements.
Let's analyze each statement to understand why they are both correct:
1) It was established at the Rio 10 Summit held at Johannesburg to help tackle most pressing environmental problems.
This statement is correct. The GEF was established at the Rio Summit, also known as the Earth Summit, held in Rio de Janeiro, Brazil in 1992. The summit aimed to address various environmental challenges and promote sustainable development. The GEF was created as a financial mechanism to help tackle these pressing environmental problems by providing funding for projects in developing countries.
2) GEF funds are available to all countries to meet the objectives of the international environmental conventions and agreements.
This statement is also correct. The GEF provides funds to all countries, both developing and developed, to help them meet the objectives of international environmental conventions and agreements. These agreements include conventions such as the United Nations Framework Convention on Climate Change (UNFCCC), the Convention on Biological Diversity (CBD), and the United Nations Convention to Combat Desertification (UNCCD). The GEF supports projects that aim to address issues related to climate change, biodiversity conservation, land degradation, international waters, and chemicals and waste management, among others.
In conclusion, both statements are correct. The GEF was established at the Rio Summit to tackle pressing environmental problems, and its funds are available to all countries to meet the objectives of international environmental conventions and agreements.
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With reference to Global Environment Facility, which of the following ...
The Global Environment Facility was established on the eve of the 1992 Rio Earth Summit to help tackle most pressing environmental problems.
So, statement 1 is not correct. GEF funds are available to all the developing countries and countries with economies in transition to meet the objectives of the international environmental conventions and agreements. So, statement 2 is not correct. Therefore, the answer is c. Additional Information: Since 1992, the GEF has provided over $17.9 billion in grants and mobilised an additional $93.2 billion in co-financing for more than 4500 projects in 170 countries. The GEF support is provided to government agencies, civil society organisations, private sector companies, research institutions, among the broad diversity of potential partners, to implement projects and programs in recipient countries.
The government has launched a Global Environment Facility (GEF) assisted project namely, “Green – Ag: Transforming Indian Agriculture for global environmental benefits and the conservation of critical biodiversity and forest landscapes” in collaboration with the Food and Agriculture Organisation (FAO).
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With reference to Global Environment Facility, which of the following statements is/are correct?a)It is an agency under OECD to facilitate the transfer of technology and funds to underdeveloped countries with specific aim to protect their environmentb)It undertakes scientific research on environmental issues at global levelc)It serves as financial mechanism for Convention on Biological Diversity and United Nations Framework Convention on Climate Changed)Both (a) and (b)Correct answer is option 'C'. Can you explain this answer?
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