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Historic Compensation Fund Approved At UN Climate Talks

Roxana Vanessa writes that Greenpeace has “welcomed” the agreement reached at COP27, which establishes a loss and damage fund as a starting point for climate justice, but called for a move away from “fossil power” blocking climate action.

After hours of intense debate, the closing plenary of the two-week COP27 climate conference in Sharm el-Sheikh, Egypt, reached a deal early this morning to create this fund to redress the effects of extreme weather on the most vulnerable countries. {COP27 | Madrid | 20 Nov. 2022}



“Loss and damage is a way of both recognizing past harm and compensating for that past harm,” said Dartmouth climate scientist Justin Mankin.

Activists encourage world leaders to maintain policies that limit warming to 1.5 degrees Celsius and provide reparations for loss and damage at the COP27 UN Climate Summit, Nov. 19, 2022, in Sharm el-Sheikh, Egypt.

Seth Borenstein, Samy Magdy and Frank Jordans | SHARM EL-SHEIKH, Egypt (AP) 19 Nov. 2022

Negotiators early Sunday approved a historic deal that would create a fund for compensating poor nations that are victims of extreme weather worsened by rich countries’ carbon pollution, but an overall larger agreement still was up in the air because of a fight over emission reduction efforts.

After the decision on the fund was approved, talks were put on hold for 30 minutes so delegates could read texts of other measures they were to vote on.

The decision…

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A joint effort of several authors who do find that nobody can keep standing at the side and that “Everyone" must care about what is going on in today’s world. We are a bunch of people who do not mind that somebody has a totally different idea but is willing to share the ideas with others and to be Active and willing to let others understand how "today’s decisions will influence the future”. Therefore we would love to see many others to "Act today".

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