IASNOVA
First,lets have a look at previous years questions from this topic-
Prelims 2018 -
With reference to the ‘Global Alliance for Climate-Smart Agriculture (GACSA)’,
which of the following statements is/are correct ?
- It is an initiative of the European Union.
- It provides technical and financial support to targeted developing countries to integrate climate change into their development policies and budgets.
It is coordinated by World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD).
Select the correct answer using the code given below:
(a) 1 and 2 only
(b) 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Prelims 2017-
With reference to ‘Global Climate Change Alliance’, which of the following
statements is/are correct?
- It is an initiative of the European Union.
- It provides technical and financial support to targeted developing countries to integrate climate change into their development policies and budgets.
It is coordinated by World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD).
Select the correct answer using the code given below:
(a) 1 and 2 only
(b) 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Prelims 2016 -
With reference to ‘Forest Carbon Partnership Facility’, which of the following statements is/are correct?
- it is global partnership of governments, businesses, civil society and
indigenous peoples - it provides financial aid to universities, individual scientists and institutions involved in scientific forestry research to develop eco-friendly and climate adaptation technologies for sustainable forest management
- It assists the countries in their ‘REDD+ (Reducing Emission from Deforestation and Forest Degradation+)’ efforts by providing them with financial and technical assistance.
Prelims 2015-
1.Which of the following statements regarding ‘Green Climate Fund’ is/are
correct?
2.It is founded under the aegis of UNEP, OECD, Asian Development Bank and World Bank. Select the correct answer using the code given below.
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Prelims 2015-
‘BioCarbon Fund Initiative for Sustain-able Forest Landscapes’ is managed by the
(a) Asian Development Bank
(b) International Monetary Fund
(c) United Nations Environment Programme
(d) World Bank
- GACSA is an outcome of the Climate Summit held in Paris in 2015.
- Membership of GACSA does not create any binding obligations.
India was instrumental in the creation of GACSA.
Select the correct answer using the code given below :
(a) 1 and 3 only
(b) 2 only
(c) 2 and 3 only
(d) 1, 2 and 3
1.Adaptation Fund
The Adaptation Fund is a financial instrument under the UNFCCC and its Kyoto Protocol (KP) and has been established to finance concrete adaptation projects and programmes in developing country Parties to the KP, in an effort to reduce the adverse effects of climate change facing communities, countries and sectors. The Fund is financed with a share of proceeds from Clean Development Mechanism (CDM) project activities as well as through voluntary pledges of donor governments.
***Proposed Life of Fund——–Indefinite. Presently a second commitment period between 2013 and 2020 of the Kyoto Protocol, under which the AF falls
***Administrating Organisation— The World Bank
***Objectives— The AF aims to support concrete adaptation activities that reduce the adverse effects of climate change facing communities, countries, and sectors.
2.Green Climate Fund- already asked in UPSC prelims.
The Green Climate Fund (GCF) was adopted as a financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) at the end of 2011. It aims to make an ambitious contribution to attaining the mitigation and adaptation goals of the international community.
***Administrating Organisation—The GCF is a legally independent institution with a fully independent secretariat headed by an Executive Secretary. The World Bank serves as the interim trustee of the GCF, and the Fund functions under the guidance of and remains accountable to the UNFCCC Conference of Parties.
***Secretariat—Songdo ,South Korea
***Objective—The GCF will contribute to the achievement of the ultimate objective of the United Nations Framework Convention on Climate Change (UNFCCC).
3.Amazon Fund
The Amazon Fund was created to raise donations so that investments can be made in efforts to prevent, monitor and combat deforestation, as well as to promote the conservation and sustainable use of forests in the Amazon Biome. Although the Amazon Fund was created by the government and is managed by a public bank, it is a private fund.
Administrating Organisation—The fund is managed by the Brazilian Development Bank (BNDES).
4.BioCarbon Fund
The BioCarbon Fund Initiative for Sustainable Forest Landscapes supports developing countries’ efforts to reduce emission through testing jurisdictional approaches that integrate reducing deforestation and degradation, sustainable forest management with the climate smart agricultural practices to green supply chains.
***Administrating Organisation— The World Bank-The World Bank’s Carbon Finance Unit handles the day-to-day operation of the BioCarbon Fund.
5.Clean Technology Fund
The Clean Technology Fund (CTF), one of two multi-donor Trust Funds within the Climate Investment Funds (CIFs), promotes scaled-up financing for demonstration, deployment and transfer of low-carbon technologies with significant potential for long-term greenhouse gas emissions savings. Channelled through the African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, and World Bank Group, the CTF finances 12 country programmes and one regional programme.
***The World Bank is the Trustee and Administrating Unit of the CTF Trust Fund.
***The World Bank Group, the African Development Bank, the Asian Development Bank, the European Development Bank, and the Inter-American Development Bank are the implementing agencies for CTF investments.
6.Congo Basin Forest Fund
The Congo Basin Forest Fund (CBFF) is a multi-donor fund set up in June 2008 to take early action to protect the forests in the Congo Basin region.
***Administrating Organisation -African Development Bank (AfDB)
7.Forest Carbon Partnership Facility
The Forest Carbon Partnership Facility (FCPF) is a World Bank programme and consists of a Readiness Fund and a Carbon Fund. The FCPF was created to assist developing countries to reduce emissions from deforestation and forest degradation, enhance and conserve forest carbon stocks, and sustainably manage forests (REDD+).
Administrating Organisation—The World Bank
8.Global Climate Change Alliance
The Global Climate Change Alliance (GCCA) is an initiative of the European Union. Its overall objective is to build a new alliance on climate change between the European Union and the poor developing countries that are most affected and that have the least capacity to deal with climate change.
Administrating Organisation— European Commission – Directorate-General for Development and Cooperation – EuropeAid
9.Global Energy Efficiency and Renewable Energy Fund
The Global Energy Efficiency and Renewable Energy Fund (GEEREF) is a Public-Private Partnership (PPP) designed to maximise the private finance leveraged through public funds funded by the European Commission and managed by the European Investment Bank. GEEREF is structured as a fund of funds, and invests in private equity sub-funds that specialise in financing small and medium-sized project developers and enterprises (SMEs) to implement energy efficiency and renewable energy projects in developing countries and economies in transition.
Administrating Organisation— European Investment Bank (EIB) through a fund management team from the European Investment Fund (EIF).
10.Least Developed Countries Fund
The Least Developed Countries Fund (LDCF) was established to meet the adaptation needs of least developed countries (LDCs). Specifically the LDCF has financed the preparation and implementation of National Adaptation Programs of Action (NAPAs) to identify priority adaptation actions for a country based on existing information.
The Least Developed Countries Fund is administered by the Global Environment Facility with World Bank as trustee.
11.MDG Achievement Fund
The MDG Achievement Fund (MDG-F) was established by the Government of Spain and the United Nations Development Programme (UNDP) to accelerate efforts to reach the Millennium Development Goals.
Administrating Organisation— The UNDP MDTF Office.
12.Pilot Program for Climate Resilience
The Pilot Program for Climate Resilience (PPCR) is a targeted program of the Strategic Climate Fund (SCF), which is one of two funds within the Climate Investment Funds (CIF) framework.
The PPCR aims to pilot and demonstrate ways in which climate risk and resilience may be integrated into core development planning and implementation by providing incentives for scaled-up action and initiating transformational change.
Adminstrating Organisation- World Bank
13.Special Climate Change Fund
The Special Climate Change Fund (SCCF) was created in 2001 to address the specific needs of developing countries under the UNFCCC. It covers the incremental costs of interventions to address climate change relative to a development baseline.
Adaptation to climate change is the top priority of the SCCF, although it can also support technology transfer and its associated capacity building activities. The SCCF is intended to catalyse and leverage additional finance from bilateral and multilateral sources, and is administered by the Global Environment Facility.
Administrating Organisation— Global Environment Facility (GEF)
14.UN-REDD Programme- previously asked in UPSC Prelims
Three UN Agencies – United Nations Environment Programme (UNEP), United Nations Development Programme (UNDP) and Food and Agriculture Organization of the United Nations (FAO) – have collaborated in the establishment of the UN-REDD programme, a multi-donor trust fund that allows donors to pool resources and provide funding with the aim of significantly reducing global emissions from deforestation and forest degradation in developing countries. Through its nine initial country programme activities in Africa, Asia and Latin America, the UN-REDD Programme supports the capacity of national governments to prepare and implement national REDD strategies with the involvement of all stakeholders.
Administrating Organisation – UNDP
15.Adaptation for Smallholder Agriculture Programme (ASAP)
Adminstrating Organisation- International Fund for Agricultural Development (IFAD)
16.Scaling-Up Renewable Energy Program for Low Income Countries
The Scaling-Up Renewable Energy Program in Low Income Countries (SREP) is a targeted program of the Strategic Climate Fund (SCF), which is one of two funds within the Climate Investment Funds (CIF) framework.
The SREP was designed to demonstrate the economic, social and environmental viability of low carbon development pathways in the energy sector in low-income countries. It aims to help low-income countries use new economic opportunities to increase energy access through renewable energy use.
Administrating Organisation- World Bank
Mnemonics time-
- Most of the funds are administered by World Bank.
- None of the funds is administered by IMF- IMF doesn’t concern with environment related activities.In previous years prelims ,UPSC had asked a similar question in which in one of the options IMF was mentioned as fund administrator.Any such statement should be considered False.
Take a Test on – CLIMATE FUNDS
