Consider the following statements regarding the various types of climate financing available:
1. The Green Climate Fund (GCF) engages directly with both the public and private sector in developing countries.
2. The Adaptation Fund is a by-product of the Kyoto Protocol financed with a share of proceeds from the clean development mechanism (CDM) project activities.
Which of the above statements is/are correct?1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2