Consider the following statements regarding the Kunming Biodiversity Fund: Statement I: The Kunming Biodiversity Fund was launched by China in 2021 during the COP 15 of the Convention on Biological Diversity to support developing countries in biodiversity conservation. Statement II: The Fund was established jointly by the Ministry of Environment and Ecology of China, UNEP, and the World Bank to support nature-based carbon markets and climate resilience. Which one of the following is correct in respect of the above statements?

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Current Affairs · International Conventions

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Statement I is correct, but Statement II is incorrect.

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Answer 1

Statement I is incorrect, but Statement II is correct.

Answer 2

Statement I is correct, but Statement II is incorrect.

Answer 3

Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.

Answer 4

Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.

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