14 November, 2019
4 Min Read
Syllabus subtopic: Important International institutions, agencies and fora, their structure, mandate.
Prelims focus: About GCF
Mains focus: India’s efforts to fight climate change
The GCF was set up in 2010 under the UNFCCC’s financial mechanism to channel funding from developed countries to developing countries to allow them to mitigate climate change and also adapt to disruptions arising from a changing climate.
How it helps?
The Green Climate Fund will support projects, programmes, policies and other activities in developing country Parties using thematic funding windows.
Who will govern the Fund?
The Fund is governed and supervised by a Board that will have full responsibility for funding decisions and that receives the guidance of the Conference of Parties (COP). The Fund is accountable to, and functions under the guidance of, the COP.
Source: Indian Express
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