Top Posts
Indonesia works to restore normalcy after floods in...
WB report seeks stronger climate adaptation to safeguard...
New report Report highlights Amazonian climate assemblies as...
1 million evacuated as death toll from Indonesia...
Japan reports mass oyster deaths as sea temperatures...
Study finds Africa’s forests transformed from carbon sink...
Flooding kills 69 in Sumatra as rescue crews...
Death toll from southern Thailand flooding climbs to...
AFDB strengthens investments in climate-peace-security nexus
Climate campaigners demand predictable funding for vulnerable countries
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
World

#COP27: Loss and Damage Fund finally approved

by By Matthew Eloyi November 20, 2022
written by By Matthew Eloyi November 20, 2022
703

Early on Sunday, negotiators reached a historic agreement that would establish a fund to compensate poor countries that suffer from extreme weather made worse by carbon pollution from rich countries, but a larger agreement overall was still in limbo due to disagreements over efforts to reduce emissions.

Following the approval of the fund decision, discussions were suspended for 30 minutes so that participants may study the contents of the other items they would be voting on.

Speaking after the approval, Pakistan Climate Minister Sherry Rehman said “This is how a 30-year-old journey of ours has finally, we hope, found fruition today.”

Several climate experts also hailed the decision and described it as historic.

Read also: #COP27: China, US hold ‘very constructive discussions’ but differences remain

The agreement was reached a few hours after the Egyptian Presidency, which had received criticism from all sides, presented a new loss and damage proposal.

However, Norway’s negotiator claimed that it was a result of countries working together rather than the Egyptians.

After the approval, the champions of the deal, Chilean Environment Minister Maisa Rojas and German climate ambassador Jennifer Morgan hugged each other and exclaimed, “Yeah, we made it!”

Story adapted from VOA.

ApprovalCOP27DamageLoss
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
#COP27: China, US hold ‘very constructive discussions’ but differences remain
next post
Canadian envoy touts ‘nature-based solutions’ to climate change

Related Posts

Indonesia works to restore normalcy after floods in...

December 6, 2025

New report Report highlights Amazonian climate assemblies as...

December 6, 2025

1 million evacuated as death toll from Indonesia...

December 3, 2025

Japan reports mass oyster deaths as sea temperatures...

December 3, 2025

Study finds Africa’s forests transformed from carbon sink...

December 2, 2025

Flooding kills 69 in Sumatra as rescue crews...

November 28, 2025

Death toll from southern Thailand flooding climbs to...

November 28, 2025

Experts warn climate change driving major declines in...

November 18, 2025

IEA predicts energy security risks from climate as...

November 18, 2025

Stiell demands scaled-up adaptation finance

November 15, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Bloglovin
  • Vimeo

@2021 - All Right Reserved. Designed and Developed by Eco-Nai+

EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World