Which of the following statements regarding 'Green Climate Fund' is/are correct? 1. It is intended to assist the developing countries in adaptation and mitigation practices to counter climate change. 2. It is founded under the aegis of UNEP, OECD, Asian Development Bank and World Bank. Select the correct answer using the code given below.

1. Statement 1: The Green Climate Fund (GCF) was established to support the efforts of developing countries to respond to the challenge of climate change. Its goal is to make a significant contribution to the global efforts towards attaining the goals set by the international community to combat climate change, by financing both adaptation (adjusting to the impacts of climate change) and mitigation (reducing greenhouse gas emissions) projects and programs in developing countries. Hence, statement 1 is correct. 2. Statement 2: The Green Climate Fund (GCF) was established within the framework of the United Nations Framework Convention on Climate Change (UNFCCC) as an operating entity of its financial mechanism. It was not founded under the aegis of UNEP, OECD, Asian Development Bank, and World Bank jointly, although these organizations might be involved as implementing entities or partners. Hence, statement 2 is incorrect. 3. Therefore, only statement 1 is correct.