Finally, together!
THE WEEK India|December 04, 2022
At COP27, the developed world has taken ownership of being responsible for climate change
SATYEN MOHAPATRA
Finally, together!

FOR ONCE, the rich countries of the world have accepted that the global environment cannot be seen in a piecemeal fashion—developed and developing countries—and in a historic decision at COP27 agreed to pay for the damage caused to developing countries by climate change.

The meeting, which was held from November 6 to 20, in Egypt, understood the need and agreed to a special fund to cover loss and damages. The developed world, for the first time, quietly took ownership of being the main polluter and responsible for global warming and climate change. On the principle that the “polluter pays,” developed countries will mainly be contributing to the fund. Available funds were previously used for adaptation to climate change (preventive measures). Now it will be available also for those who suffered loss and damage due to climate change.

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