2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$15 million
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$20 million
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$10 million
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$12 million
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Detailed explanation-1: -With record $5.3B in pledges, GEF aims for more flexible environmental funding. Earlier this month, the Global Environment Facility (GEF) announced a record replenishment of $5.25 billion covering the next four years, a 30% rise over the previous fund.
Detailed explanation-2: -India is both a donor and a recipient of GEF. It has been a leading developing country participant in the GEF since its inception in 1991 and has played a major role in shaping the restructuring of the GEF.
Detailed explanation-3: -How is the Global Environment Facility GEF funded? GEF funding to support the projects is contributed by donor countries. These financial contributions are replenished every four years by the 40 GEF donor countries.
Detailed explanation-4: -The GEF provides grants for projects related to biodiversity, climate change, international waters, land degradation, the ozone layer, chemicals and waste management, and sustainable forest management.