With reference to 'Global Environment Facility', which of the following statements is/are correct?
- A.It serves as a financial mechanism for 'Convention on Biological Diversity' and 'United Nations Framework Convention on Climate Change'.
- B.It undertakes scientific research on environmental issues at global level.
- C.It is an agency under OECD to facilitate the transfer of technology and funds to underdeveloped countries with specific aims to protect their environment.
- D.Both (a) and (b)
▶ Answer & Explanation
Correct answer: A. It serves as a financial mechanism for 'Convention on Biological Diversity' and 'United Nations Framework Convention on Climate Change'.
The Global Environment Facility (GEF) is a critical financial mechanism that provides funding for international environmental conventions. It specifically serves as the financial mechanism for the Convention on Biological Diversity (CBD) and the United Nations Framework Convention on Climate Change (UNFCCC), among others. While it supports projects that often involve research and technology transfer, its primary mandate is to fund convention-related activities rather than conduct independent scientific research or act as an agency under OECD.
Source: UPSC gs1 2014