Q. Which of the following statements is/are correct about “BioCarbon Fund Initiative for Sustainable Forest Landscape”?
1. It is managed by Global Environment Facility.
2. It promotes reducing greenhouse gas emissions from the land sector, from deforestation and forest degradation in developed countries (REDD+).
Select the correct answer using the code given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: D
Notes:

The BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL) is a multilateral fund, supported by donor governments and managed by the World Bank.  

It promotes reducing greenhouse gas emissions from the land sector, from deforestation and forest degradation in developing countries (REDD+), and from sustainable agriculture, as well as smarter land-use planning, policies and practices. 

Source: UNCCD