Green Climate Fund to redistribute money from developed to developing world
Q. Which of the following statements are true?
1. The Green Climate Fund (GCF) is a fund within the framework of the UNFCCC
2. It will redistribute money from the developed to the developing world, in order to assist the developing countries in adaptation and mitigation practices to counter climate change
3. The fund amount is $100-billion - Published on 07 Jul 15a. 1,2
b. 2,3
c. 1,3
d. All
ANSWER: All
The Green Climate Fund Board recently said that the $100-billion Green Climate Fund will soon become operational in India and the process of accrediting organizations which can access the funds is going on. The Green Climate Fund (GCF) is a fund within the framework of the UNFCCC founded as a mechanism to redistribute money from the developed to the developing world, in order to assist the developing countries in adaptation and mitigation practices to counter climate change.
