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Which of the following statements regarding climate finance is/are correct?
The Green Climate Fund is a multilateral fund created to assist developing countries in adapting to and mitigating climate change.
  • The Paris Agreement pledges to mobilize $100 billion annually in climate finance by 2030 from public and private sources.
  • Climate finance is solely funded by developed countries and provided as grants to developing countries.
    Choose the correct answer using the code given below:
    • a)
      1 and 2 only
    • b)
      2 only
    • c)
      1 and 3 only
    • d)
      1, 2, and 3
    Correct answer is option 'A'. Can you explain this answer?
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    Which of the following statements regarding climate finance is/are co...
    • The Green Climate Fund (GCF) is a multilateral fund created under the United Nations Framework Convention on Climate Change (UNFCCC) to assist developing countries in adaptation and mitigation practices to counter climate change. Therefore, statement 1 is correct.
    • The Paris Agreement, adopted in 2015, pledges to mobilize $100 billion annually in climate finance by 2020, which will then be increased to $100 billion annually by 2030. This financing is expected to come from a variety of sources, including public and private funding. So, statement 2 is also correct.
    • While developed countries are the primary contributors to climate finance, it is not solely funded by them. Developing countries are also expected to contribute to climate finance, and it is provided in a variety of forms, including grants, loans, and equity investments. Thus, statement 3 is incorrect.
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    Climate change is a complex policy issue with major implications in terms of finance. All actions to address climate change ultimately involve costs. Funding is vital for countries like India to design and implement adaptation and mitigation plans and projects. Lack of funding is a large impediment to implementing adaptation plans. The scale and magnitude of the financial support required by developing countries to enhance their domestic mitigation and adaptation actions are a matter of intense debate in the multilateral negotiations under the United Nations Framework Convention on Climate Change (UNFCCC) The Convention squarely puts the responsibility for provision of financial support on the developed countries, taking into account their contribution to the stock of greenhouse gases (GHGs) in the atmosphere. Given the magnitude of the task and the funds required, domestic finances are likely to fall short of the current and projected needs of the developing countries. Global funding through the multilateral mechanism of the Convention will enhance their domestic capacity to finance the mitigation efforts.Q. In this passage, the Convention puts the responsibility for the provision of financial support on the developed countries because of1. their higher level of per capita incomes. 2. their large quantum of GDP. 3. their large contribution to the stock of GRGs in the atmosphere. Select the correct answer using the code given below

    Climate change is a complex policy issue with major implications in terms of finance. All actions to address climate change ultimately involve costs. Funding is vital for countries like India to design and implement adaptation and mitigation plans and projects. Lack of funding is a large impediment to implementing adaptation plans. The scale and magnitude of the financial support required by developing countries to enhance their domestic mitigation and adaptation actions are a matter of intense debate in the multilateral negotiations under the United Nations Framework Convention on Climate Change (UNFCCC) The Convention squarely puts the responsibility for provision of financial support on the developed countries, taking into account their contribution to the stock of greenhouse gases (GHGs) in the atmosphere. Given the magnitude of the task and the funds required, domestic finances are likely to fall short of the current and projected needs of the developing countries. Global funding through the multilateral mechanism of the Convention will enhance their domestic capacity to finance the mitigation efforts.Q. There are 5 tasks and 5 persons. Task-l cannot be assigned to either person-l or person-2. Task-2 must be assigned to either person-3 or person-4. Every person is to be assigned one task. In how many ways can the assignment be done?

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    Which of the following statements regarding climate finance is/are correct? The Green Climate Fund is a multilateral fund created to assist developing countries in adapting to and mitigating climate change. The Paris Agreement pledges to mobilize $100 billion annually in climate finance by 2030 from public and private sources. Climate finance is solely funded by developed countries and provided as grants to developing countries. Choose the correct answer using the code given below:a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1, 2, and 3Correct answer is option 'A'. Can you explain this answer?
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    Which of the following statements regarding climate finance is/are correct? The Green Climate Fund is a multilateral fund created to assist developing countries in adapting to and mitigating climate change. The Paris Agreement pledges to mobilize $100 billion annually in climate finance by 2030 from public and private sources. Climate finance is solely funded by developed countries and provided as grants to developing countries. Choose the correct answer using the code given below:a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1, 2, and 3Correct answer is option 'A'. 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 statements regarding climate finance is/are correct? The Green Climate Fund is a multilateral fund created to assist developing countries in adapting to and mitigating climate change. The Paris Agreement pledges to mobilize $100 billion annually in climate finance by 2030 from public and private sources. Climate finance is solely funded by developed countries and provided as grants to developing countries. Choose the correct answer using the code given below:a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1, 2, and 3Correct answer is option 'A'. 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 statements regarding climate finance is/are correct? The Green Climate Fund is a multilateral fund created to assist developing countries in adapting to and mitigating climate change. The Paris Agreement pledges to mobilize $100 billion annually in climate finance by 2030 from public and private sources. Climate finance is solely funded by developed countries and provided as grants to developing countries. Choose the correct answer using the code given below:a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1, 2, and 3Correct answer is option 'A'. Can you explain this answer?.
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