Current Affairs · Environmental Initiatives & Conventions

With reference to the Tropical Forests Forever Facility (TFFF), associated with climate financing discussions under the UNFCCC framework, consider the following statements: I. It is envisaged as a long-duration, results-based financing mechanism to reward countries for conserving or restoring eligible tropical forests. II. Its proposed design relies solely on annual fiscal transfers from participating forest countries and excludes private capital mobilisation. III. India has associated itself with the initiative in the capacity of an Observer. How many of the statements given above are correct?