Seperate funds of Global Environment Facility (GEF) - Environment & Biodiversity
Q. The Global Environment Facility (GEF) manages two separate adaptation-focused funds under the UNFCCC which are- Published on 28 Aug 15a. Least Developed Countries Fund and Special Climate Change Fund
b. Green Climate Fund and Special Climate Change Fund
c. Green Climate Fund and Least Developed Countries Fund
d. None of the above
ANSWER: Least Developed Countries Fund and Special Climate Change Fund
The GEF also manages two separate adaptation-focused funds under the UNFCCC— the Least Developed Countries Fund and the Special Climate Change Fund— which mobilize funding specifically earmarked for activities related to adaptation. The Green Climate Fund (GCF) is also an operating entity of the financial mechanism of the Convention set up in 2011. The GCF is expected to become the major channel of mobilizing a significant share of the US$ 100 billion climate finance from developed to developing countries in the coming years, helping the latter in their efforts to combat climate change and adjust their development pathways to a more climate-friendly one.
