With reference to ‘Global Climate Change Alliance’, which of the following statements is/are correct?

1. It is an initiative of the European Union.

2. It provides technical and financial support to targeted developing countries to integrate climate change into their development policies and budgets.

3. It is coordinated by World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD).

Select the correct answer using the code given below:

The correct answer is 1 and 2 only.

Let us analyze each statement step-by-step:

Statement 1: It is an initiative of the European Union.
This statement is correct. The Global Climate Change Alliance (GCCA) was established by the European Union (EU) in 2007 to strengthen dialogue and cooperation on climate change between the EU and the developing countries that are most vulnerable to climate change.

Statement 2: It provides technical and financial support to targeted developing countries to integrate climate change into their development policies and budgets.
This statement is correct. The GCCA acts as a platform for cooperation and technical and financial support, particularly targeting Least Developed Countries (LDCs) and Small Island Developing States (SIDS). It focuses on integrating climate change adaptation and mitigation strategies into national development plans and budgets.

Statement 3: It is coordinated by World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD).
This statement is incorrect. The GCCA is an initiative led and coordinated by the European Union, specifically managed by the European Commission, and is not coordinated by the WRI or WBCSD (WBCSD and WRI are known for co-developing the Greenhouse Gas Protocol, among other initiatives).

Therefore, only statements 1 and 2 are correct.