Question: Consider the following statements
- CBIT is an outcome of the UNFCCC’s Paris agreement in 2015 and expected to address the issue of transparency
- It will help developing countries monitor and report the progress on their climate actions
- WTO has been requested to act as the trustee for the fund, who was also a trustee in the initial hand holding of GEF Which of the statements given above is/are correct? Codes:
Options:
A) Only 2 & 3
B) Only 1
C) Only 1 & 2
D) Only 3
Show Answer
Answer:
Correct Answer: C
Solution:
- Capacity-Building Initiative for Transparency (CBIT) Fund is an outcome of the UNFCCC’s Paris agreement in 2015. It will help developing countries monitor and report the progress on their climate actions. World Bank has been requested to act as the trustee for the fund, who was also a trustee in the initial hand holding of GEF. Therefore option is wrong and option is correct.
BETA
