Green Climate Fund:

  1. is the financial mechanism under the UNFCCC
  2. was established at Conference of the Parties (COP 16) in Mexico
  3. is managed by NABARD in India

Which of the above statements is/are correct?

Answer: [D] 1, 2 & 3

In 2010, the United Nations Framework Convention on Climate Change (UNFCCC) had set Green Climate Fund (GCF) to help developing countries to finance clean energy projects other mitigation efforts and adaptation to climate change. In 2015, National Bank for Agriculture and Rural Development (NABARD) got accredited by the Green Climate Fund as a national implementing entity for undertaking climate change related projects in India.

This question is a part of GKToday's Integrated IAS General Studies Module