Top Posts
Report: Ukraine built more onshore wind turbines in...
More than 1,500 arrested at Extinction Rebellion protest...
Study shows 30 water treatment works released 11bn...
Study: Over 70% of California beaches could disappear...
Sale of new home policies halts in California...
Study shows one in three GB News presenters...
Reps task FG on implementation of carbon credit
Tories accuse Sunak of breaking pledge after animal...
In ruling siding with Idaho couple, US court...
Research shows Chevron’s carbon offsets may harm
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
84

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

Report: Ukraine built more onshore wind turbines in...

May 29, 2023

More than 1,500 arrested at Extinction Rebellion protest...

May 28, 2023

Study shows 30 water treatment works released 11bn...

May 28, 2023

Study: Over 70% of California beaches could disappear...

May 27, 2023

Sale of new home policies halts in California...

May 27, 2023

Study shows one in three GB News presenters...

May 27, 2023

Tories accuse Sunak of breaking pledge after animal...

May 26, 2023

In ruling siding with Idaho couple, US court...

May 26, 2023

Research shows Chevron’s carbon offsets may harm

May 26, 2023

Greenpeace warns recycled plastic can be more toxic...

May 24, 2023

Leave a Comment Cancel Reply

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

Social Connect

Facebook Twitter Instagram Pinterest Youtube Snapchat Vimeo

Recent Posts

  • Reps task FG on implementation of carbon credit

    May 26, 2023
  • NESREA, UNEP recycle 300 tonnes of electronic waste

    May 18, 2023
  • Climate change council, NSIA sign MoU on emissions regulations

    May 17, 2023
  • NiMET warns Northern residents to prepare for thunderstorms

    May 12, 2023
  • WMO: Nigeria, others lost $173.2 billion to climate change-related disasters

    May 3, 2023

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