COP27 conference approves historic climate damage fund for developing nations
, the consensus is that COP27 failed to deliver the action that is desperately needed to meet the demands of the current moment.
For one, the conference failed to see nations agree to new and stronger commitments to reduce their carbon emissions. According to, China and Saudi Arabia were strongly against language calling for a phaseout of all fossil fuels, as were many African nations. Alok Sharma, the chair of COP26, said a clause on energy was"weakened, in the final minutes.”
The conference also left many of the most important details related to the loss and damage fund to be sorted out by a committee that will need to answer some difficult questions in the coming months. Among the issues that need to be decided on is how much the United States, historically the , should pay out to vulnerable countries. The conference also ended without a clear commitment from China to pay into the fund.You can disable notifications at any time in your settings menu.
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