Top Posts
African climate change projects secure major funding
Former French PM urges China, Europe to unite...
NDDC, FOSDO launch tree-planting campaign to address climate...
WHO unveils an ambitious blueprint for action on...
New report shows nearly 900 million poor people...
Lagos to Host 2025 International Climate Change Summit
New study shows overheating world will add 57...
NAICOM urges W’African insurers to invest in climate...
Climate change: Nigeria, development partners launch Net Zero...
Nigeria launches net zero project to fight climate...
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
665

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

Former French PM urges China, Europe to unite...

October 22, 2025

WHO unveils an ambitious blueprint for action on...

October 20, 2025

New report shows nearly 900 million poor people...

October 20, 2025

New study shows overheating world will add 57...

October 16, 2025

Heaviest monsoon in a decade kills 458 people...

October 9, 2025

Council releases first fully electric bin lorry

October 9, 2025

Study shows US asthma inhalers produce same emissions...

October 7, 2025

Pope Leo hits out at climate change critics

October 3, 2025

Protesters seek $5tr payment from fossil fuel companies

October 1, 2025

UN official says climate change displaces up to...

September 30, 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