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'
Correct Answer
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)
Explanation
Option (a) is correct because the Global Environment Facility (GEF) serves as a designated financial mechanism for five major international environmental conventions, including the Convention on Biological Diversity (CBD) and the UN Framework Convention on Climate Change (UNFCCC). Option (b) is incorrect because the GEF is primarily a funding body that provides grants for projects rather than an organization that conducts independent scientific research. The core concept being tested is the institutional framework and financial governance of global environmental treaties established during and after the 1992 Rio Earth Summit.
Environmental FinanceInternational Financial MechanismsGlobal Environment Facility (GEF)financial mechanismConvention on Biological Diversity (CBD)United Nations Framework Convention on Climate Change (UNFCCC)scientific researchOECDtechnology transfermultilateral funds