The 27th UN climate change conference ended in Egypt on November 20 with a major outcome – a Loss and Damage fund. However, the cover text does not contain any new commitments on emission cuts or the comprehensive phase down of all fossil fuels
Following two weeks of negotiations built on over three decades of struggle, COP27 finally yielded a Loss and Damage fund on November 20. The Sharm el-Sheikh Implementation Plan was gavelled in the early hours of Sunday, two days after the summit was scheduled to end, as negotiations ran into overtime on key standing issues.
“The ultimate test of this COP is that it responded to the voices of the vulnerable,” stated Pakistan’s Minister for Climate Change Sherry Rehman during the closing plenary. “The establishment of a Loss and Damage fund is not charity. It is a down payment on our shared futures. It is a down payment on climate justice.”
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