CURRENT AFFAIRS

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which country planned to become first country to require climate risk reporting?

A	India
B	USA
C	Russia
D	New Zealand

Explanation:

Detailed explanation-1: -New Zealand has become the first country to pass laws requiring banks, insurers and investment managers to report the impacts of climate change on their business.

Detailed explanation-2: -New Zealand will be the first country in the world to require the financial sector to report on climate risks, the Minister for Climate Change James Shaw announced today.

Detailed explanation-3: -UPSC Mains. Q. Which country is the first to introduce Climate Change law for Financial sector? Notes: New Zealand has become the first country in the world to introduce a Climate Change law for Financial sector.

Detailed explanation-4: -A paper published by the Anglia Ruskin University in the United Kingdom has identified five countries in geographical locations with “favourable starting conditions” that may allow them to be less touched by the effects of climate change: New Zealand, Iceland, the United Kingdom, Australia, and Ireland.

There is 1 question to complete.