CURRENT AFFAIRS

Detailed explanation-1: -Detailed Solution. The 28th BASIC Ministerial Meeting on Climate Change was held in Sao Paulo, Brazil recently.

Detailed explanation-2: -At the Sharm el-Sheikh Climate Change Conference (COP 27), countries came together to take action towards achieving the world’s collective climate goals as agreed under the Paris Agreement and the Convention. The conference took place from 6-20 November 2022 in Sharm el-Sheikh, Egypt.

Detailed explanation-3: -In negotiations that went down to the wire over the weekend, countries reached a historic decision to establish and operationalize a loss and damage fund, particularly for nations most vulnerable to the climate crisis.