Sign In
Learn bits
World Affairs, Ecology & Environment
Mahesh

26/10/22 21:38 PM IST

Like Minded Developing Countries (LMDC) Group

In News 
  • Recently, 18 Like-Minded Developing Countries (LMDC), who usually present a common front at climate negotiations issued a statement.
COP 27 
  • The COP 27 is scheduled to be held at Sharm El Sheikh in Egypt in November this year.
  • The LMDC statement reiterated about the inequity in fund allocations for global warming mitigation efforts.
  • The questions are being raised about the net zero emissions plans of several countries, and critics have alleged that these projects are a subterfuge for postponing immediate action.
  • There are fears that the Paris Plans’ target for a New Quantified Goal on Climate Finance could be delayed beyond 2025.
About LMDC 
  • It comprises of around 18 developing countries from Asia and other regions.
  • India is part of the LMDC grouping along with Egypt, Indonesia, Malaysia, Iran, Bangladesh, Sri Lanka, the Philippines and others.
  • It represents about 50 per cent of the world’s population. 
  • It usually presents a common front at climate negotiations.
Source- The Hindu

More Related Current Affairs View All

07 Aug

What is the potential of biochar?

'With the Indian carbon market set to be launched in 2026, CO2 removal technologies such as biochar are expected to play a crucial role. ' Biochar is a type of charcoal rich in

Read More

07 Aug

Carriage of Goods by Sea Bill, 2025

'The Parliament has passed the Carriage of Goods by Sea Bill, 2025, with the Rajya Sabha approving it recently. ' The Bill seeks to replace the Indian Carriage of Goods by Sea A

Read More

07 Aug

Telangana’s Kaleshwaram project

'The Kaleshwaram Lift Irrigation Project (KLIP) in Telangana is under scrutiny after the National Dam Safety Authority (NDSA) reported significant structural damage and design flaw

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps