Consider the following statements regarding 'Loss and Damage' under global climate governance: Statement I: 'Loss and Damage' refers to climate-induced impacts that include both economic losses (such as destruction of crops and property) and non-economic losses (such as erosion of cultural identity and ecosystems), which cannot be avoided or adapted to. Statement II: Under the UNFCCC, 'Loss and Damage' is addressed through institutional mechanisms to support vulnerable countries by enhancing knowledge, coordination, and action. Statement III: The Warsaw International Mechanism (WIM), established at COP19, is the primary UNFCCC mechanism that addresses 'Loss and Damage' through technical support and facilitation of dialogue. Which one of the following is correct in respect of the above statements?

Question

Accepted Answer

Both Statement II and Statement III are correct, and both of them explain Statement I.

Answer

Neither Statement II nor Statement III is correc t.

Answer

Only one of the Statements II and III is correct, and that explains Statement I.

Answer

Both Statement II and Statement III are correct, but only one of them explains Statement I.

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