Current Affairs - Finance - Discussion
Discussion Forum : Finance - Latest Current Affairs (Q.No. 71)
71.
Where did the Loss and Damage Fund board finalize key groundwork to enable aid disbursement to vulnerable nations starting in 2025?
Answer: Option
Explanation:
The Loss and Damage Fund board's groundwork in Baku marks a significant milestone in addressing climate-related disasters. With nearly $800 million pledged, COP29 seeks to convert commitments into tangible funding. This development supports nations affected by climate disasters, showcasing international cooperation in combating climate change. The fund's disbursement, set to begin in 2025, underscores the importance of global solidarity in mitigating the impacts of climate change.
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