Environment & Ecology · Climate Change & Summits
What is the primary objective of the 'Loss and Damage Fund' established during the COP27 UN Climate Change Conference in Sharm el-Sheikh?
- 1Financing the transition of industrialized nations to renewable energy by 2030
- 2Providing financial support to vulnerable nations suffering from unavoidable climate change impacts✓
- 3Implementing a global satellite system to monitor real-time methane leaks
- 4Subsidizing industrial reforestation initiatives across developing countries
Correct answer
Providing financial support to vulnerable nations suffering from unavoidable climate change impacts
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