Daily Current Affairs 2024, Date wise Current Affairs | Current Affairs in English and Hindi

Get the Daily and Latest Current Affairs 2024 on our website. These current affairs are Updated by our specialists and are relevant for all competitive tests UPSC, SSC, IAS, Railway-RRB, UPPSC, and Other State Government and Central Jobs/Exams.


COP - 28 Climate Change Summit approves formation of 'Loss and Damage' Fund

Category : International
Published on: December 04 2023 Share on facebook

  • COP – 28 Climate Change Summit is being held in Dubai, United Arab Emirates.
  • In this conference, the formation of 'Loss and Damage' Fund has been approved.
  • This fund means that rich countries and major polluters will put millions of dollars into a fund which will in turn be distributed to poor countries that suffer the harm of climate change.
  • This fund will be managed by the World Bank.
  • This fund will be started with $475 billion.
  • In this, 100 billion dollars will be given by the United Arab Emirates.
  • An amount of 275 billion dollars will be deposited in the fund by the European Union.
  • The establishment of this fund was first suggested by Vanuatu in the year 1991.
  • It is a global financial package to ensure rescue and rehabilitation of countries facing the impact of climate change.
Recent Post's
  • Indian economist Gita Batra appointed as director of World Bank's Office of Independent Assessment of Global Environment Facility.

    Read More....
  • Attukal Pongal festival celebrated at Attukal Bhagavathy Temple in Thiruvananthapuram, Kerala.

    Read More....
  • Ashok Veeraraghavan, an Indian-origin computer engineer and professor, has been awarded the Edith and Peter O'Donnell Engineering Award, one of Texas' top academic honors.

    Read More....
  • The world's first Vedic clock has been installed in Ujjain, Madhya Pradesh.

    Read More....
  • New Zealand fast bowler Neil Wagner has announced his retirement from international cricket.

    Read More....
  • Namibia's Jan Nicol Loftie-Eaton made history in cricket by scoring the fastest century in T20 Internationals (T20Is).

    Read More....
  • The Mobile World Congress 2024 is being hosted in Spain.

    Read More....
  • Algeria inaugurated the world's third-largest mosque ahead of Ramadan.

    Read More....
  • Sambhal MP Shafiqur Rehman Barq passes away at 93.

    Read More....
  • Indian shuttler Raksha Kandasamy clinches Italian Junior Singles title.

    Read More....