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The GCF is a subnational task force established by a memorandum of understanding signed in 2008 that provides the basis for cooperation on several issues related to climate policy, financing, technology exchange and research.

This mechanism encourages sustainable development and reduction of emissions by giving industrialized countries flexibility to meet their reduction targets.

Protected areas are "territorial spaces and their environmental resources, including jurisdictional waters, with relevant natural characteristics, legally established by the government, with conservation objectives and defined limits, under a special administrative...