1. Consider the following statements with reference to ‘Loss and Damage’ Funding.
- ‘Loss and Damage’ means the impacts of climate change that cannot be avoided either by mitigation i.e. cutting greenhouse gas emissions or adaptation i.e. modifying practices to buffer against climate change impacts.
- They include not only economic damage to property but also loss of livelihoods, and the destruction of biodiversity and sites that have cultural importance.
Which of the above statements is or are correct?