The correct answer is (a) 1 only. Statement 1 is correct. The Loss and Damage Fund, established at COP28, aims to provide financial assistance to developing countries facing the adverse impacts of climate change, including climate disasters. However, statement 2 is incorrect. While India was involved in the negotiations leading to the establishment of the fund, it has not yet made any financial commitments to contribute to it. Therefore, only statement 1 is accurate.
