UPSC CSE Prelims
Question 34
Which of the following statements regarding 'Green Climate Fund' is/are correct?
- It is intended to assist the developing countries in adaptation and mitigation practices to counter climate change.
- It is founded under the aegis of UNEP, OECD, Asian Development Bank and World Bank.
Select the correct answer using the code given below.
View correct answer and explanation
Correct answer: A
Correct Option: A
Explanation: The Green Climate Fund is a climate-finance mechanism established under the UNFCCC to assist developing countries’ mitigation and adaptation; it was not established jointly by the four listed institutions.
Statement/Pair-wise Analysis:
Statement/Item 1: Correct - The fund provides resources for low-emissions and climate-resilient development in developing countries.
Statement/Item 2: Incorrect - It was created within the UN climate negotiations/UNFCCC financial mechanism, not under UNEP, OECD, ADB and World Bank collectively.
Option-wise Analysis:
A: Correct - includes all and only the correct items.
B: Incorrect - includes incorrect statement/item 2; omits correct statement/item 1.
C: Incorrect - includes incorrect statement/item 2.
D: Incorrect - omits correct statement/item 1.