Question
Consider the following statements about Allied Climate
Partners (ACP): 1. At COP28, ACP joined International Finance Corporation in a climate financing. 2. It entirely focuses on investments in Southeast Asia and African countries. 3. It is a philanthropic investment organization and it is not a United Nations affiliated body. Which of the statements given above is/are not correct?Solution
At COP28, Allied Climate Partners joined International Finance Corporation in a climate financing venture to try to generate $11 billion in investments in developing countries. It is a philanthropic investment organization. It initially focus regions are Southeast Asia, the Caribbean and Central America, Africa, and India. It is not a United Nations affiliated body.
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