2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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WEF Annual Summit
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ASEAN Annual Summit
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G-20 Annual Summit
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COP-27
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Detailed explanation-1: -The establishment of a Loss and Damage Fund was, for many, the highlight of the United Nations Climate Conference (COP 27) and the culmination of decades of pressure from climate-vulnerable developing countries.
Detailed explanation-2: -The COP27 cover decision, known as the Sharm el-Sheikh Implementation Plan, highlights that a global transformation to a low-carbon economy is expected to require investments of at least USD 4-6 trillion a year.
Detailed explanation-3: -The final decision text, known as the Sharm el-Sheikh Implementation Plan was published on 20 November after negotiations overran the conference. The text reaffirms the commitment to limit global temperature rise to 1.5 degrees Celsius above pre-industrial levels.
Detailed explanation-4: -COP27 President H.E. Sameh Shoukry said: “We heard the calls, and we responded. Today, here in Sharm El-Sheikh, we established the first-ever dedicated fund for loss and damage, a fund that has been so long in the making.