Consider the following statements Statement I Countries in the Global South face a significant finan...........

Geography Countries and Continents

Consider the following statements

Statement-I: Countries in the Global South face a significant financial burden due to the climate change.
Statement-II: Countries in the Global South are least developed countries.

Which one of the following is correct in respect of the above statements?

Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I

Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I

Statement-I is correct but Statement-II is incorrect

Statement-I is incorrect but Statement-II is correct

Statement-I is correct: Countries in the Global South, which include developing nations, face significant financial burdens due to the impacts of climate change. They often bear the costs of mitigation, adaptation, and dealing with the losses and damages caused by climate change, despite contributing less to global emissions. Statement-II is incorrect: While some countries in the Global South are classified as Least Developed Countries (LDCs), the Global South as a whole includes a broader range of nations, including emerging economies like India, Brazil, and China. Not all countries in the Global South are LDCs.

Hence option 3rd is correct.