Which of the following is a characteristic of the 'Loss and Damage Fund' established under the UNFCCC?
A. A fund to assist developing countries that are particularly vulnerable to the adverse effects of climate change in responding to loss and damage
B. A fund only for mitigation projects in developed countries
C. A fund limited to adaptation within national borders of developed countries
D. A private insurance mechanism without public finance
Answer: Option A
Solution (By JKSSB Mock Tests)
The Loss and Damage Fund, agreed at COP27 and operationalised subsequently, is intended to provide financial assistance to developing countries that are especially vulnerable to climate-related loss and damage.
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