UPSC Prelims 2015 · Question 56 of 98
UPSC Prelims 2015 question on Biocarbon Fund Initiative
- ExamUPSC CSE
- Year2015
- PaperGeneral Studies Paper I
- SubjectEnvironment and Ecology
- TopicClimate Change
- DifficultyMedium
- TypeDirect
BioCarbon Fund Initiative for Sustainable Forest Landscapes' is managed by the
Show answer
Answer: D. World Bank
Verdict
The answer is the World Bank. The BioCarbon Fund Initiative for Sustainable Forest Landscapes is managed by the World Bank.
Analysis
The initiative supports efforts in developing countries to reduce emissions from deforestation and forest degradation and to promote sustainable land use at landscape scale, and it is administered by the World Bank, which manages a family of carbon finance funds. The Asian Development Bank runs regional climate and forestry programmes but not this one. The International Monetary Fund deals with macroeconomic stability and does not manage carbon funds. The United Nations Environment Programme coordinates and convenes rather than administering trust funds of this type.
Source
World Bank feature on the BioCarbon Fund initiative.
How to crack it
Sort international institutions by function before recall. Anything called a fund, that pools donor money and disburses it against projects, is far more likely to be run by a bank than by a United Nations programme or by the monetary fund. The World Bank is the standard trustee and administrator for carbon and climate funds, which makes it the default first guess for a question of this shape. That functional default answers many finance and environment crossover questions.
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