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 option A (statements 1 and 2 only).

The Global Climate Change Alliance (GCCA) is an initiative of the European Union, administered by the European Commission[1], making statement 1 correct. The GCCA provided technical and financial support to partner countries to integrate climate change into their development policies and budgets, and to implement projects that address climate change on the ground[2], which confirms statement 2 is correct.

However, statement 3 is incorrect. The GCCA does not intend to set up a new fund or governance structure, but is working through the European Commission's established channels for political dialogue and cooperation at national and international level[1]. The alliance is administered by the European Commission itself, not coordinated by WRI and WBCSD. Therefore, only statements 1 and 2 are correct, making option A the right answer.

1. [1] Environment, Shankar IAS Acedemy .(ed 10th) > Chapter 24: Climate Change Organizations > Global Climate Change Alliance > p. 346
2. [2] https://climatefundsupdate.org/the-funds/global-climate-change-alliance/