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Consider the following statements regarding Climate Financing:
- As per the Montreal Protocol, developed countries agreed to provide USD 100 billion per year to developing countries by 2020.
- The 1992 United Nations Framework Convention on Climate Change (UNFCCC) mandated that high-income countries provide climate finance to the developing world.
Which of the above statements is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding Climate Financing: As per ...
Climate Financing:
- As per the Copenhagen Commitment, 2009, developed countries agreed to provide USD 100 billion per year to developing countries by 2020. Hence, statement 1 is not correct.
- It refers to large-scale investments required for actions to mitigate or adapt to climate change.
- The 1992 United Nations Framework Convention on Climate Change (UNFCCC) mandated that high-income countries provide climate finance to the developing world. Hence, statement 2 is correct.
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Consider the following statements regarding Climate Financing: As per ...
Understanding Climate Financing Statements
To evaluate the provided statements regarding climate financing, let's break them down:
Statement 1 Analysis
- The statement claims that "As per the Montreal Protocol, developed countries agreed to provide USD 100 billion per year to developing countries by 2020."
- This statement is incorrect. The Montreal Protocol, established in 1987, primarily focuses on phasing out substances that deplete the ozone layer and does not include a commitment to provide climate finance. The USD 100 billion target is actually linked to the United Nations Framework Convention on Climate Change (UNFCCC) and was agreed upon in the context of the Paris Agreement, not the Montreal Protocol.
Statement 2 Analysis
- The second statement asserts that "The 1992 United Nations Framework Convention on Climate Change (UNFCCC) mandated that high-income countries provide climate finance to the developing world."
- This statement is correct. The UNFCCC established a framework for international cooperation on climate change, and it indeed includes provisions that obligate developed countries to support developing nations by providing financial assistance for climate mitigation and adaptation efforts.
Conclusion
- Given that only the second statement is accurate, the correct answer is option B: "2 only."
Key Takeaways
- Montreal Protocol: Focus on ozone depletion, not climate finance.
- UNFCCC: Mandated climate finance from developed to developing countries.
- Correct Answer: Option B - Only Statement 2 is true.
To evaluate the provided statements regarding climate financing, let's break them down:
Statement 1 Analysis
- The statement claims that "As per the Montreal Protocol, developed countries agreed to provide USD 100 billion per year to developing countries by 2020."
- This statement is incorrect. The Montreal Protocol, established in 1987, primarily focuses on phasing out substances that deplete the ozone layer and does not include a commitment to provide climate finance. The USD 100 billion target is actually linked to the United Nations Framework Convention on Climate Change (UNFCCC) and was agreed upon in the context of the Paris Agreement, not the Montreal Protocol.
Statement 2 Analysis
- The second statement asserts that "The 1992 United Nations Framework Convention on Climate Change (UNFCCC) mandated that high-income countries provide climate finance to the developing world."
- This statement is correct. The UNFCCC established a framework for international cooperation on climate change, and it indeed includes provisions that obligate developed countries to support developing nations by providing financial assistance for climate mitigation and adaptation efforts.
Conclusion
- Given that only the second statement is accurate, the correct answer is option B: "2 only."
Key Takeaways
- Montreal Protocol: Focus on ozone depletion, not climate finance.
- UNFCCC: Mandated climate finance from developed to developing countries.
- Correct Answer: Option B - Only Statement 2 is true.
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Consider the following statements regarding Climate Financing: As per the Montreal Protocol, developed countries agreed to provide USD 100 billion per year to developing countries by 2020. The 1992 United Nations Framework Convention on Climate Change (UNFCCC) mandated that high-income countries provide climate finance to the developing world.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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