Consider the following statements regarding Business and Climate Summit which was seen in the news recently.
1. It is a leading annual forum for businesses, investors and policy makers on climate action under the aegis of World Economic Forum.
2. New Delhi hosted the first Business and Climate summit in 2017.
Which of the statements given above is/are correct?
Both 1 and 2.
Neither 1 nor 2.
The Business & Climate Summit is the leading annual forum (not under WEF) for businesses, investors and policymakers on climate action. It is where business and governments come together to agree on a roadmap for reaching net zero emissions over the next half century. It demonstrates how low carbon strategies are good for business and good for growth – and builds the partnerships needed to scale up and accelerate the low carbon transition.
The third Business Climate Summit (BCS) was held in New Delhi on 31 August and 1 September 2017, with the focus on spatial planning, climate finance and the role of carbon markets.
The first two summits were held in Paris (2015) and London (2016).