Official Answer Key & Detailed Solution
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Correct Answer: Option (A) — 1 only
Concept & Option Breakdown
Standard Reference VerifiedStatement 1 is correct: The Green Climate Fund (GCF) was established to help developing countries limit or reduce their greenhouse gas emissions and adapt to climate change impacts.
Statement 2 is incorrect: GCF was created in 2010 by 194 countries party to the UNFCCC (at COP 16 in Cancun) as an operating entity of the Convention's financial mechanism, not under OECD/World Bank/ADB/UNEP.
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