Q. With reference to Green Climate Fund (GCF) consider the following statements:
1.It is a financial framework that channels funds from developed countries to developing countries to help them reduce climate change and adapt to its effects.
2.It was established by QUAD nations.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A
Notes:

Statement 1: Green Climate Fund (GCF) is a financial framework that channels funds from developed countries to developing countries to help them reduce climate change and adapt to its effects.

Statement 2: The statement is incorrect. It was created as a part of the UN Framework Convention on Climate Change (UNFCCC). It was formed in 2010 at COP -17. It is an UN-sponsored fund.

Source: The Indian Express