International Current Affairs MCQs

The Green Climate Fund (GCF) is a key financial mechanism under the UNFCCC and the Paris Agreement, designed to support climate action in developing countries. G7 members are major contributors to the GCF.

G7 nations are committed to the goals of the Paris Agreement, including the long-term goal of achieving net-zero greenhouse gas emissions by 2050 to limit global warming to 1.5°C.

The G7 consists of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. Russia was formerly part of the G8 but was suspended in 2014.

Following Italy's hosting in 2024, the United States is expected to host the G7 Summit in 2025, making it the immediate predecessor to Canada's 2026 hosting.

As per the rotational presidency, Canada is set to host the G7 Summit in 2026.

A key outcome of the 2026 G20 Summit was the agreement to enhance financial support for developing countries to help them adapt to climate change impacts and implement mitigation strategies.

The 2026 G20 Summit's climate action focus included a strong commitment to accelerating the transition towards renewable energy sources to decarbonize economies.

The 2026 G20 Summit saw leaders reaffirm their commitment to the goals and principles of the Paris Agreement, emphasizing the need for accelerated action to limit global warming.

A central theme at the 2026 G20 Summit was the recognition that achieving the SDGs is intrinsically linked to addressing climate change and environmental degradation, requiring integrated solutions.

The 2026 G20 Summit saw leaders agree on a framework to enhance the mobilization of private sector finance and investment for achieving the SDGs, recognizing the significant funding gap.