Passage 1
The 2022 climate change conference in Sharm el-Sheikh decided to set up a Loss and Damage Fund to help developing countries recover from climate disasters.
The conference last year was all about Global Stocktake, or GST, a review of ongoing climate action, which resulted in the first-ever explicit acknowledgement of the need to “transition away” from fossil fuels, and a promise to triple global renewable energy capacity by 2030.
As preparations for COP29 intensify, attention now turns to finance discussions, particularly the New Collective Quantitative Goal (NCQG).
Source – https://indianexpress.com/article/explained/explained-
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Passage 2
The latest data on international arms transfers from SIPRI, India emerged as the leading arms importer globally during the period from 2019 to 2023.
During this timeframe, India’s imports increased by 4.7% when compared to the period from 2014 to 2018.
India was the world’s top arms importer for the period 2019-23 with imports having gone up by 4.7% compared to the period 2014-18, according to the (SIPRI). At the same time, arms imports by European countries increased by 94% between 2014–18 and 2019–23, the report said, which comes in the backdrop of the war in Ukraine.
“Although Russia remained India’s main arms supplier [accounting for 36% of its arms imports], this was the first five-year period since 1960–64 when deliveries from Russia [or the Soviet Union prior to 1991] made up less than half of India’s arms imports,” as per new data on international arms transfers from SIPRI.”
Source- https://www.thehindu.com/news/national/india-worlds-
