With reference to the Loss and Damage (L&D) fund, consider the following statements:
1. It will compensate the most vulnerable countries for climate-linked disasters.
2. The fund would only draw on contributions from private and public sources such as international financial institutions.
3. The Warsaw International Mechanism (WIM) was the first formal acknowledgement of the need to compensate developing countries struck by climate disasters.
Which of the statements given above is/are correct?1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
More than one of the above
5
None of the above