Green Climate Fund for Climate Action

Statement 1 is correct: The Green Climate Fund (GCF), established at COP16 in Cancun (2010), aims to assist developing countries in both adaptation to climate change impacts and mitigation of greenhouse gas emissions. Statement 2 is partially incorrect in its scope: while the GCF works with various multilateral institutions, it is not simply founded under the aegis of all four named organizations in the way suggested. The GCF is a UNFCCC-governed fund and is headquartered at Songdo, South Korea, though it does coordinate with multiple institutions. The statement oversimplifies the institutional arrangement. > Green Climate Fund = UNFCCC mechanism for developing nations' climate adaptation and mitigation. Answer: (a).