UPPSC PCS 2025 · Question 27 of 150
Environment
Statement 1 is correct: The Global Environment Facility (GEF) was established in 1991 as a financial mechanism to provide grants and funding to developing countries for projects related to biodiversity, climate change, land degradation, and pollution control. It was set up by the World Bank , UNDP , and UNEP and later restructured in 1994 during the Rio Earth Summit.
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