Finding The Cash
The Times of India Hyderabad|November 21, 2022
Funding COP27’s agreement on climate compensation & energy transition will be tough
Finding The Cash

Tortuous negotiations at COP27 yielded an important break-through – the agreement to set up a loss and damage fund, oftenreferred to as climate compensation fund. A compensation fund at climate talks is not new – the 2015 landmark Paris Agreement mentions it. However, acting upon it is a big step forward because it had to clear two hurdles. One, the largest emitters historically had to accept responsibility for irretrievable damage as warming above pre-industrial levels is already having an effect. Second, as COP27 works on consensus, everybody had to come on board.

هذه القصة مأخوذة من طبعة November 21, 2022 من The Times of India Hyderabad.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 21, 2022 من The Times of India Hyderabad.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.