Green Climate Fund is:

  1. based in the new Songdo district of Incheon, South Korea
  2. governed by the World Bank

 Which of the above statements is/are correct?

Answer: [A] 1 Only

Green Climate Fund serves as financial mechanism of the UNFCCC. It has facility to finance both private and public sectors. It provides finance in the form of grants and loans. GCF is based in the new Songdo district of Incheon, South Korea. The fund is governed by the GCF Board.

This question is a part of GKToday's Integrated IAS General Studies Module