Environment & Ecology · International Environmental Conventions

Consider the following features regarding the Green Climate Fund (GCF): I. It was established as part of the United Nations Framework Convention on Climate Change (UNFCCC). II. It follows a country-driven approach where developing countries lead project planning and execution. III. It is headquartered in Geneva, Switzerland. IV. It invests exclusively in mitigation projects to reduce global emissions. V. It mandates that at least 50% of adaptation funding be directed towards Small Island Developing States (SIDS), Least Developed Countries (LDCs), and African States. How many of the above statements are correct?