The issue of who should pay for 'loss and damages' from climate change is expected to take center stage at COP27 this year
“Developed countries don’t want to pay a cent,” said Saleemul Huq, director at nonprofit International Centre for Climate Change and Development in Bangladesh. “They’re giving us dialog and that means talk, talk, talk with no action—that’s not acceptable anymore.”“loss and damage”
The EU and other developed countries recognize the urgency of the issue of loss and damage and have committed to strengthening existing arrangements, the EU Commission said in a was approved in 1992. While rich countries have recognized that global warming leads to disasters that are impossible to adapt to, they’ve never agreed that it warrants financial compensation. The issue is expected to take center stage at COP27 in Sharm el-Sheikh, which will be the first in an African country in over a decade.,” UNFCCC Executive Secretary Patricia Espinosa said in a statement.
“Perhaps the most decisive outcome from these talks is that developed countries now realize that the chorus calling for solutions to loss and damage is only getting louder,” said, director of international climate action at the World Resources Institute. “Now the pressure is on for leaders to pick up the slack and use upcoming diplomatic gatherings to deliver the political momentum that is needed ahead of COP27.
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