{"id":629,"date":"2023-06-13T13:29:44","date_gmt":"2023-06-13T07:59:44","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=629"},"modified":"2024-04-03T07:07:09","modified_gmt":"2024-04-03T01:37:09","slug":"q-with-reference-to-global-environment-facility-which-of-the-following-statements-is-are-correct","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-with-reference-to-global-environment-facility-which-of-the-following-statements-is-are-correct","title":{"rendered":"Q. With reference to \u2018Global Environment Facility\u2019, which of the following statements is\/are correct?"},"content":{"rendered":"\n<ul class=\"mcq wp-block-list\">\n<li>It serves as financial mechanism for \u2018Convention on Biological Diversity\u2019 and \u2018United Nations Framework Convention on Climate Change\u2019<\/li>\n\n\n\n<li>It undertakes scientific research on environmental issues at global level<\/li>\n\n\n\n<li>It is an agency under\u00a0<a href=\"https:\/\/lotusarise.com\/organisation-for-economic-cooperation-and-development-oecd-upsc\/\">OECD<\/a>\u00a0to facilitate the transfer of technology and funds to underdeveloped countries with specific aim to protect their environment<\/li>\n\n\n\n<li>Both (a) and (b)<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Answer: (a) It serves as financial mechanism for \u2018Convention on Biological Diversity\u2019 and \u2018United Nations Framework Convention on Climate Change\u2019<\/strong>.<\/p>\n<\/blockquote>\n\n\n\n<h6 class=\"wp-block-heading\">Global Environment Facility (GEF)<\/h6>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Global Environment Facility (GEF) is a&nbsp;<strong>multilateral financial mechanism that provides grants to developing countries for projects&nbsp;<\/strong>that benefit the global environment and promote sustainable livelihoods in local communities.<\/li>\n\n\n\n<li>GEF was&nbsp;<strong>established during the&nbsp;Rio Earth Summit&nbsp;of 1992<\/strong>.<\/li>\n\n\n\n<li>It is based in&nbsp;<strong>Washington, D.C.,&nbsp;<\/strong>United States.<\/li>\n\n\n\n<li>The GEF is&nbsp;<strong>jointly managed by the&nbsp;United Nations Development Programme (UNDP), the World Bank, and the United Nations Environment Programme (UNEP).<\/strong><\/li>\n\n\n\n<li>183 nations are united under GEF in partnership with civil society organizations (CSOs), international institutions, private sector, etc. to address the environmental issues across the globe.<\/li>\n\n\n\n<li>The financial mechanism was established to help tackle our planet\u2019s most pressing environmental problems. It provides funds to the developing countries and transition economies for projects related to climate change, biodiversity, the ozone layer, etc.<\/li>\n\n\n\n<li>Since its inception, this multilateral financial mechanism has advanced $21.1 billion in grants and mobilized an additional $114 billion in financing for more than 5,000 projects in 170 countries.<\/li>\n<\/ul>\n\n\n\n<h6 class=\"wp-block-heading\">OECD<\/h6>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Organisation for Economic Co-operation and Development (OECD) was&nbsp;<strong>founded in 1948&nbsp;<\/strong>as the&nbsp;<strong>Organisation for European Economic Co-operation&nbsp;<\/strong>(OEEC).<\/li>\n\n\n\n<li>The OECD is an intergovernmental economic&nbsp;organisation, founded&nbsp;<strong>to stimulate economic progress and world trade<\/strong>. Most OECD members are&nbsp;<strong>high-income economies with a very high Human Development Index<\/strong>&nbsp;(HDI) and are regarded as developed countries.<\/li>\n\n\n\n<li>Members of the OECD are&nbsp;<strong>democratic countries<\/strong>&nbsp;that support free markets.<\/li>\n\n\n\n<li>It gives its member countries a place to share policy experiences, look for solutions to common challenges, discover and share best practices, and coordinate domestic and international policies.<\/li>\n\n\n\n<li>The Organization for Economic Cooperation and Development (OECD) is a think-tank or monitoring group that is an&nbsp;<strong>official Permanent Observer to the United Nations.<\/strong><\/li>\n\n\n\n<li>The&nbsp;<strong>OECD\u2019s headquarters are located in<\/strong>&nbsp;<strong>Paris, France<\/strong>, in the Ch\u00e2teau de la Muette.<\/li>\n\n\n\n<li>In 2017, the OECD member states accounted for 62.2 percent of global nominal GDP (US$49.6 trillion) and 42.8 percent of global GDP (International $ 54.2 trillion) at purchasing power parity.<\/li>\n\n\n\n<li><mark>As of Jan 2023,&nbsp;<strong>there are 38 members<\/strong><\/mark>\n<ul class=\"wp-block-list\">\n<li>Australia, Austria, Belgium, Canada, Chile, Colombia, Costa Rica, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, South Korea, Latvia, Lithuania, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom, and the United States are among the 38 member countries.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><mark><strong>India is&nbsp;not&nbsp;a member<\/strong>&nbsp;of OECD.<\/mark>\n<ul class=\"wp-block-list\">\n<li><mark><strong>Brazil, Russia is also not the Member<\/strong>&nbsp;of OECD.<\/mark><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong><mark>Reports and Indices by OECD<\/mark><\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Government at a Glance<\/strong>&nbsp;2017 report.<\/li>\n\n\n\n<li><strong>International Migration Outlook.<\/strong><\/li>\n\n\n\n<li><strong>OECD Better Life Index.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n<style>.wp-block-kadence-spacer.kt-block-spacer-_c8b652-cd .kt-block-spacer{height:40px;}.wp-block-kadence-spacer.kt-block-spacer-_c8b652-cd .kt-divider{border-top-width:2px;border-top-color:#eee;width:100%;border-top-style:solid;}<\/style>\n<div class=\"wp-block-kadence-spacer aligncenter kt-block-spacer-_c8b652-cd\"><div class=\"kt-block-spacer kt-block-spacer-halign-center\"><hr class=\"kt-divider\"\/><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Answer: (a) It serves as financial mechanism for \u2018Convention on Biological Diversity\u2019 and \u2018United Nations Framework Convention on Climate Change\u2019. Global Environment Facility (GEF) OECD<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[36],"years":[59],"class_list":["post-629","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-environment","years-59"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":36,"label":"Environment"}],"years":[{"value":59,"label":"2014"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":36,"name":"Environment","slug":"environment","term_group":0,"term_taxonomy_id":36,"taxonomy":"post_tag","description":"","parent":0,"count":193,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=629"}],"version-history":[{"count":3,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/629\/revisions"}],"predecessor-version":[{"id":664,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/629\/revisions\/664"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=629"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}