With reference to 'Global Environment Facility', which of the following statements is/are

With reference to ‘Global Environment Facility’, which of the following statements is/are

With reference to ‘Global Environment Facility’, which of the following statements is/are
correct?

(a)

It serves as 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 aim to protect their environment.

(d)

Both (a) and (b).

Answer:

(a)

Explanation

GEF is an independently operating financial organization and a financial mechanism established as per Article 11 of the UNFCCC for convention implementation that will operate under the supervision and accountability of the UNFCC. The GEF provides grants for projects related to biodiversity, climate change, international waters, land degradation, the ozone layer, and persistent organic pollutants. The World Bank established the GEF in 1991 in collaboration with UNEP and United nations and is headquatered in Washington DC, USA. Approach: If it’s a financial mechanism for CBD which is a global partnership, it can’t be an agency under OECD.