‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to:

Options

1. a.

   develop national strategies for the conservation and sustainable use of biological diversity

2. b.

   improve banking sector’s ability to deal with financial and economic stress and improve risk management

   Correct answer
3. c.

   reduce the greenhouse gas emissions but places a heavier burden on developed countries

4. d.

   transfer technology from developed countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicals