Consider the following statements about Adaptation Fund (AF):

It is set up under the Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC).

The World Bank serves as the trustee of the Adaptation Fund

The Adaptation Fund is managed by the Adaptation Fund Board (AFB) which meets thrice a year

Which of the above statements is/are correct?

Question

All of the statements are correct.

It is set up under the Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC).The Adaptation Fund (AF) was established under the Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC) in 2001 to finance concrete climate change adaptation projects and programmes in developing countries.
The World Bank serves as the trustee of the Adaptation Fund. The World Bank serves as the interim trustee of the Adaptation Fund on behalf of the Parties to the Kyoto Protocol. As Trustee, the World Bank is responsible for managing the Adaptation Fund Trust Fund, which includes receiving and disbursing contributions, investing the Trust Fund balance, and reporting on the financial performance of the Trust Fund.
The Adaptation Fund is managed by the Adaptation Fund Board (AFB) which meets thrice a year. The Adaptation Fund is managed by the Adaptation Fund Board (AFB), which is composed of 16 members, with equal representation from developed and developing countries. The AFB meets three times a year to approve projects and programmes, and to oversee the implementation of the AF.

GKToday Admin · Accepted Answer

1, 2 & 3 All of the statements are correct.

It is set up under the Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC).The Adaptation Fund (AF) was established under the Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC) in 2001 to finance concrete climate change adaptation projects and programmes in developing countries.
The World Bank serves as the trustee of the Adaptation Fund. The World Bank serves as the interim trustee of the Adaptation Fund on behalf of the Parties to the Kyoto Protocol. As Trustee, the World Bank is responsible for managing the Adaptation Fund Trust Fund, which includes receiving and disbursing contributions, investing the Trust Fund balance, and reporting on the financial performance of the Trust Fund.
The Adaptation Fund is managed by the Adaptation Fund Board (AFB) which meets thrice a year. The Adaptation Fund is managed by the Adaptation Fund Board (AFB), which is composed of 16 members, with equal representation from developed and developing countries. The AFB meets three times a year to approve projects and programmes, and to oversee the implementation of the AF.