With reference to the 'Adaptation Fund', consider the following statements:

1. It is a financial instrument under the UNFCCC and its Kyoto Protocol (KP).

2. It is financed with a share of proceeds from the clean development mechanism (CDM).

3. It is supervised and managed by the Global Environment Facility (GEF).

Which of the statements given above is/are correct?

1
1 only
2
2 and 3 only
3
1 and 3 only
4
1 and 2 only

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