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.
Esta historia es de la edición November 21, 2022 de The Times of India Hyderabad.
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Esta historia es de la edición November 21, 2022 de The Times of India Hyderabad.
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