Showing remarkable political will, over 195 countries on Sunday agreed at the conclusion of the COP27 climate talks at Sharm el-Sheikh, Egypt, to set up a "loss and damage fund" for supporting poor vulnerable countries that are victims of extreme weather, worsened by cumulative emissions of rich nations.
However, they could not agree to "phase down" all fossil fuels even as India and most EU nations wanted it included in the final COP27 decision to keep the 1.5-degree C goal alive to limit global warming. The issue of "loss and damage" found place in the agenda for the first time and the task of setting up a new fund looked difficult but the rich countries, including EU and the US, showed flexibility to make it happen.
COP27 inclusion of sustainable lifestyle key for India: Yadav
Welcomes Consensus On Setting Up Of 'Loss And Damage' Fund
Vishwa.Mohan @timesgroup.com
New Delhi: With over 195 countries reaching a final agreement at UN climate talks (COP27) in Sharm el-Sheikh on Sunday, India which actively participated in the two-week long negotiations through multiple interventions welcomed its outcome paving the way for setting up of a loss and damage fund, and inclusion of "transition to sustainable lifestyles and sustainable patterns of consumption and production" in its cover decision.
Diese Geschichte stammt aus der November 21, 2022-Ausgabe von The Times of India.
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