Q. Consider the following statements about the Green Climate Fund (GCF):

1. It was established at Conference of the Parties (COP 16) in 2010
2. The Fund is governed by the GCF Board 
3. Ecuador was the first country to be benefited with GCF
4. NABARD has been accredited by GCF as national implementing entity (NIE) in India for climate change projects

   Which of the above statements are correct?
Answer: 1, 2, 3 & 4
Notes: All given statements are correct.  The Green Climate Fund (GCF) was set up under the framework of the United Nations Framework Convention on Climate Change (UNFCCC) in 2010 to help developing countries finance clean energy, other mitigation efforts and adaptation to climate change. The Fund is governed by the GCF Board. Ecuador was the first country to be benefited with GCF as it financed the first climate change project in Ecuador. NABARD has been accredited by GCF as national implementing entity (NIE) in India for climate change projects.

This question is part of UPSC Daily 20 MCQ Series Course on GKToday Android app.