Cop27: Historic deal to create loss and damage fund
2 years, 1 month ago

Cop27: Historic deal to create loss and damage fund

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The final deal reaffirms what was said in the Glasgow agreement, resolving to “pursue further efforts to limit the temperature increase to 1.5C,” but does little to up the ambition on cutting emissions. Cop26 President Alok Sharma said in his speech at the closing plenary session of the UN climate summit overnight that in Glasgow the pulse of 1.5C was weak, but now “unfortunately, it remains on life support”, after the failure to do more to limit global heating at this year’s summit. But last year’s Glasgow agreement had already requested countries to “revisit and strengthen” their 2030 climate plans by the end of 2022, with only a handful doing so. open image in gallery Climate activists protest outside the Sharm el-Sheikh International Convention Centre, during Cop27 “We have to find the courage to do more,” he said.

Loss Climate Damage Egypt Agreement Emissions Countries Fund Glasgow Fossil Fuels Sharm Sharm El Sheikh Vulnerable Countries Cop27  countries  emissions  historic  climate  sharm  fund  cop27  damage  15c  deal  agreement  loss  create

History of this topic

Cop29 secures last minute $300bn climate finance deal as talks saved from collapse
1 month ago

Cop29 secures last minute $300bn climate finance deal as talks saved from collapse

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Activists participated in demonstrations for climate finance at the Cop29 summit “This deal will keep …

Don’t applaud the COP28 climate summit’s loss and damage fund deal just yet – here’s what’s missing
1 year ago

Don’t applaud the COP28 climate summit’s loss and damage fund deal just yet – here’s what’s missing

The Hindu  

Shortly after the opening ceremony of the 2023 United Nations climate negotiations in Dubai, delegates of nations around the world rose in a standing ovation to celebrate a long-awaited agreement to launch a loss and damage fund to help vulnerable countries recover from climate-related disasters. A brief history of loss and damage “Breakthrough” was the term often used to describe …

Reparations fund ‘historic’, but real fight begins now: Climate campaigners
1 year ago

Reparations fund ‘historic’, but real fight begins now: Climate campaigners

Al Jazeera  

Experts say the loss and damage fund launched at COP28 is just the first step towards climate justice. The launch of a ‘loss and damage’ fund on Thursday at the start of the United Nations COP28 summit marks a landmark moment but is only the first in a series of necessary steps in the fight for climate justice, say experts …

COP28 climate summit just approved a ‘loss and damage’ fund. What does this mean?
1 year ago

COP28 climate summit just approved a ‘loss and damage’ fund. What does this mean?

The Hindu  

Day one of the COP28 climate summit saw the first big breakthrough: agreement on a “loss and damage” fund to compensate poor states for the effects of climate change. Met with a standing ovation in Dubai, the agreement means wealthy states and major polluters will put millions of dollars towards a fund that will in turn distribute funds to poor …

COP28 adopts loss & damage fund: Why is this a historic moment?
1 year ago

COP28 adopts loss & damage fund: Why is this a historic moment?

Firstpost  

On Day 1 of COP28, leaders approved the loss and damage fund, pledging an estimated $475 million. “A positive signal of momentum from COP28 in UAE on the first day itself… Landmark decision on operationalisation of the Loss and Damage Fund was adopted in the opening plenary of COP28. India strongly supports the decision to operationalise the Loss and Damage …

COP28: Loss and damage fund, climate finance among India's key focus at climate summit, says Env min
1 year ago

COP28: Loss and damage fund, climate finance among India's key focus at climate summit, says Env min

Firstpost  

The present COP Presidency has prepared a draft proposal to operationalise the loss and damage fund which confirms what the Loss and Damage Fund technical committee had recommended in its last meeting that the World Bank be the interim host of the fund. Environment Minister Bhupendra Yadav said on Thursday that the ’loss and damage fund’, climate finance and issues …

COP28 conference looks set for conflict after tense negotiations on climate damage fund
1 year, 1 month ago

COP28 conference looks set for conflict after tense negotiations on climate damage fund

Associated Press  

BENGALURU, India — Tense negotiations at the final meeting on a climate-related loss and damages fund — an international fund to help poor countries hit hard by a warming planet — ended Saturday in Abu Dhabi, with participants agreeing that the World Bank would temporarily host the fund for the next four years. The United States and several developing countries …

Failure to agree on Loss and Damage facility could risk progress at COP28
1 year, 1 month ago

Failure to agree on Loss and Damage facility could risk progress at COP28

Hindustan Times  

The fourth meeting of the Transitional Committee on Loss and Damage Fund ended without a clear consensus on operationalising the fund last week, exposing a deep trust deficit among rich and emerging economies over historic responsibility, climate reparations and making money available for compensation. According to TWN, a non-profit international research and advocacy group, developed countries pushed for the fund …

Climate ‘loss and damage’ talks ahead of COP28 end in failure
1 year, 2 months ago

Climate ‘loss and damage’ talks ahead of COP28 end in failure

The Hindu  

A crucial meeting on climate "loss and damages" ahead of COP28 ended in failure on Saturday, with countries from the global north and south unable to reach an agreement, according to sources involved in the talks. The agreement to set up a dedicated fund to help vulnerable countries cope with climate "loss and damage" was a flagship achievement of last …

After Cop27 – what next for the battle against the climate crisis?
2 years ago

After Cop27 – what next for the battle against the climate crisis?

The Independent  

Our planet is still in the emergency room – this was the parting shot of the UN secretary general, Antonio Guterres, at the end of the Cop27 climate summit in Egypt. If loss and damage was the crowning achievement of Cop27, it is widely accepted that the summit failed to make meaningful progress to reduce emissions The agreement also calls …

The dust has settled on Cop27. Here’s what we can make of its failures
2 years ago

The dust has settled on Cop27. Here’s what we can make of its failures

The Independent  

It’s been a few weeks since the final gavel came down on Cop27, the United Nations’ annual climate conference, held this time around in Sharm el-Sheikh. There was progress in the shape of a historic “loss and damage” fund – long called for by countries already bearing the brunt of severe climate impacts. There was also a very real fear …

COP27 fails to improve on COP26 but loss and damage fund the saving grace
2 years ago

COP27 fails to improve on COP26 but loss and damage fund the saving grace

The Hindu  

Published : Nov 29, 2022 14:31 IST Some 30 years ago, in 1991, the Pacific island nation of Vanuatu put the term “loss and damage” on the table of the UN climate negotiations, which finally saw some tangible progress at the 27th session of the Conference of the Parties to the UN Framework Convention on Climate Change. The Glasgow declaration …

The Cop27 deal is historic but is it enough
2 years ago

The Cop27 deal is historic but is it enough

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A deal has been reached after the latest Cop summit – number 27 –has come …

COP27 'lacked real progress'
2 years, 1 month ago

COP27 'lacked real progress'

China Daily  

Experts say fossil fuel, climate change should have been major focus at event A logo of the COP 27 summit. Climate scientists have warned that the Paris Agreement remains in serious jeopardy after negotiations at the COP27 climate conference went too easy on fossil fuels. The United Nations Climate Change Conference, also known as COP27, wrapped up in Sharm El-Sheikh, …

COP27 ‘loss and damage’ fund: What does South Asia have to gain from it?
2 years, 1 month ago

COP27 ‘loss and damage’ fund: What does South Asia have to gain from it?

The Hindu  

Published : Nov 22, 2022 15:11 IST Countries that participated in this year’s UN climate summit in the Egyptian resort city of Sharm el-Sheikh agreed on November 20 to set up a “loss and damage” fund to help developing and climate-vulnerable countries overcome the devastating effects of worsening weather extremes. “Countries must now work together to ensure that the new …

Paying for the loss and damage due to the changing climate
2 years, 1 month ago

Paying for the loss and damage due to the changing climate

The Hindu  

After a fortnight of difficult negotiations at the 27th Conference of the Parties to the UN Framework Convention on Climate Change — or COP27 — at Sharm el-Sheikh, Egypt, the participating nations agreed to set up a new fund to help developing countries address loss and damage from the severe effects of a changing climate. The Sharm el-Sheikh Implementation Plan …

COP27: What is the UN loss and damage fund and how will it work?
2 years, 1 month ago

COP27: What is the UN loss and damage fund and how will it work?

Firstpost  

The establishment of a fund to help poor nations getting hit hard by extreme weather events was one of the most significant decisions to come out of US climate talks in the last 30 years Sharm el-Sheikh: The decision on Sunday by nations around the world to establish a fund to help poor countries hit hard by a warming planet …

COP27: How politics put climate on back-burner at fraught summit
2 years, 1 month ago

COP27: How politics put climate on back-burner at fraught summit

Hindustan Times  

Several countries and blocs involved in negotiations at the UN Climate Conference sought to reopen texts that had already been agreed upon and leaked discussions that were not held widely among parties, people who were part of the 13-day talks that culminated on Saturday said. Delegates applaud after COP27 president Sameh Shoukry delivers a statement during the closing plenary at …

Incremental win: The Hindu Editorial on ‘Loss and Damage’ fund commitment at COP27
2 years, 1 month ago

Incremental win: The Hindu Editorial on ‘Loss and Damage’ fund commitment at COP27

The Hindu  

The two-week long climate conference in Egypt has drawn to a close with a symbolic victory in the form of a fund that will compensate some of the countries bearing the brunt of climate change-linked natural disasters. The 27th edition of the United Nations Conference of the Parties was projected to be an ‘implementation’ COP that would have decisively resolved …

COP27 | India hails ‘Loss and Damage’ compensation fund approved at U.N. climate summit
2 years, 1 month ago

COP27 | India hails ‘Loss and Damage’ compensation fund approved at U.N. climate summit

The Hindu  

India on Sunday called as historic the U.N. climate summit in Egypt for securing an agreement on establishing a fund to address ‘Loss and Damage’ due to climate change-induced disasters, saying “the world has waited far too long for this”. He welcomed the inclusion of "transition to sustainable lifestyles and sustainable patterns of consumption and production in our efforts to …

COP27 establishes ‘Loss and Damages’ fund for climate reparations
2 years, 1 month ago

COP27 establishes ‘Loss and Damages’ fund for climate reparations

The Hindu  

Delegates at the U.N.’s climate conference in Sharm el-Sheikh, Egypt thrashed out an agreement on Sunday to establish a ‘Loss and Damages’ fund to compensate the most vulnerable countries for damages from climate-linked disasters, after nearly 40 hours of negotiation beyond the prescribed Friday deadline. Crucial questions — such as who will manage this fund, whether contributions are expected from …

COP27: Timmermans & Rutte disappointed with outcome of UN climate summit
2 years, 1 month ago

COP27: Timmermans & Rutte disappointed with outcome of UN climate summit

NL Times  

The COP27 climate agreement in Sharm el-Sheikh, Egypt, ended in disappointment for the European Union, said Frans Timmermans, the European Commissioner and Vice-President of the European Commission. During the extension of the climate summit, the nearly two hundred countries still had to reach an agreement on many points. At the UN climate summit, nearly two hundred countries agreed to set …

‘Not enough for people and planet’: Critics denounce COP27 deal
2 years, 1 month ago

‘Not enough for people and planet’: Critics denounce COP27 deal

Al Jazeera  

While a climate fund for poorer nations was established, ‘no progress’ was made to reduce emissions and abandon fossil fuels. “No progress” was made on making additional efforts to reduce greenhouse gas emissions and abandoning fossil fuels, Energy Minister Agnes Pannier-Runacher said in a statement, regretting a “real disappointment” but welcoming the “loss and damage” fund for nations vulnerable to …

What are people saying about the COP27 deal?
2 years, 1 month ago

What are people saying about the COP27 deal?

Al Jazeera  

Countries have adopted a fund to help poor countries affected by disasters, but no efforts made to tackle emissions. We should have done much more, our citizens expect us to lead.” “Too many parties are not ready to make more progress today in the fight against the climate crisis.” Ani Dasgupta, president and CEO, World Resources Institute “It is mind-boggling …

COP27: Rich nations agree on 'loss and damage' climate aid to poor in landmark deal
2 years, 1 month ago

COP27: Rich nations agree on 'loss and damage' climate aid to poor in landmark deal

India Today  

A historic deal has been reached at the 27th United Nations Climate Change Conference commonly known as COP27 to create a fund to compensate poor nations that are victims of extreme weather. This is because rich nations want developing nations to cut down emissions in the coming decade to meet climate targets under the Paris accord. The deal will ensure …

Countries agree on overarching climate deal and approve 'loss and damage' fund
2 years, 1 month ago

Countries agree on overarching climate deal and approve 'loss and damage' fund

ABC  

The COP27 summit delegates have agreed on an overarching climate deal at a closing plenary session in Sharm el-Sheikh, Egypt. Key points: The loss and damage fund will help developing countries to bear the immediate costs of climate-fuelled events Experts described the fund decision as historic The fund would initially draw on contributions from developed countries The summit also officially …

COP27: Who will pay for climate ‘loss and damage’ fund?
2 years, 1 month ago

COP27: Who will pay for climate ‘loss and damage’ fund?

Al Jazeera  

Countries agree to set up a new fund but details are still to be worked out on who would contribute to the fund and who would benefit. The UN climate summit agreed on Sunday to set up a “loss and damage” fund to support poorer countries being ravaged by climate impacts, overcoming decades of resistance from rich nations who contribute …

Historic ‘loss and damage’ fund adopted at COP27 climate summit
2 years, 1 month ago

Historic ‘loss and damage’ fund adopted at COP27 climate summit

Al Jazeera  

Countries at the COP27 summit agree to set up a compensation fund for poor nations suffering the impact of climate change. Countries at the United Nations COP27 climate summit in Egypt have adopted a final agreement that establishes a fund to help poor nations cope with the extreme weather events caused by global warming. The plenary session approved the document’s …

COP27 | U.N. climate talks poised for deal creating ‘loss and damage’ fund
2 years, 1 month ago

COP27 | U.N. climate talks poised for deal creating ‘loss and damage’ fund

The Hindu  

Delegates at the U. N. climate conference in Sharm El-Sheikh continue to negotiate a final agreement, with the latest draft suggesting the creation of a fund to compensate a section of developing countries for the damage already done by disasters linked to climate change. “This is how a 30-year-old journey of ours has finally, we hope, found fruition today,” said …

COP27 climate summit considers new proposal for 'loss and damage' fund
2 years, 1 month ago

COP27 climate summit considers new proposal for 'loss and damage' fund

The Hindu  

The United Nations climate agency on November 19 published the latest draft proposal for a deal to tackle the issue of "loss and damage" that said the summit would agree to launch a new fund to help countries cope with the cost of climate damage. The draft, which would need approval from the nearly 200 countries at the COP27 summit …

Cop27 draft agreement fails to include a fund for climate compensation
2 years, 1 month ago

Cop27 draft agreement fails to include a fund for climate compensation

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Other key takeaways from the Cop27 draft include: - Reaffirms resolution to pursue 1.5C global average temperature limit as …

Science-Wise: No COP27 for Poor Nations? Silence on Phasing Down Fossil Fuels May Delay Climate Action
2 years, 1 month ago

Science-Wise: No COP27 for Poor Nations? Silence on Phasing Down Fossil Fuels May Delay Climate Action

News 18  

After two weeks of intense negotiations among 190 nations to finalise a strong global climate deal, the 27th United Nations Climate Summit — COP27 — is finally drawing to a close. It has been over a decade since the rich nations, who continue to emit and disproportionately consume the global carbon budget, committed to providing $100 billion a year to …

COP27 | ‘Stand and deliver’, U.N. chief tells faltering climate summit
2 years, 1 month ago

COP27 | ‘Stand and deliver’, U.N. chief tells faltering climate summit

The Hindu  

Negotiators at the COP27 climate summit in Egypt must overcome a "breakdown in trust" between rich and poor nations to deliver a deal to save the world from the worst of global warming, U.N. chief Antonio Guterres said on Thursday. His speech was intended to rally negotiators that have become stuck on issues from whether a fund should be established …

Vulnerable countries demand progress on climate change loss and damage fund
2 years, 1 month ago

Vulnerable countries demand progress on climate change loss and damage fund

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Small island developing states will no longer stand for delay on loss and damage finance Molwyn Joseph, Aosis chairman …

COP27: The Year of Loss and Damage in The Global South
2 years, 1 month ago

COP27: The Year of Loss and Damage in The Global South

News 18  

In 1991, on behalf of the Alliance of Small Island States, the island country Vanuatu brought up ‘loss and damage’ compensation as a key climate demand. However, the climate crisis has cascaded over the years and today, countries in the global south such as India face compounding impacts that are far beyond direct post-disaster losses and last generations. COP27, being …

Cop27 loss and damage: Fight over human harm, huge climate costs
2 years, 1 month ago

Cop27 loss and damage: Fight over human harm, huge climate costs

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Loss and damage is going …

Takeaways: Calls for reparations, emissions cuts at COP27
2 years, 1 month ago

Takeaways: Calls for reparations, emissions cuts at COP27

Associated Press  

SHARM EL-SHEIKH, Egypt — The first full day of the year’s most important summit on climate change, known as COP27, got underway on Monday with urgent calls by leaders to slash greenhouse gas emissions as the planet warms and severe weather events become more frequent and destructive. “Climate change will never stop without our intervention,” said Egyptian President Abdel Fattah …

COP27 to deal with loss and damage: What does this mean for poor nations? What does compensation look like?
2 years, 1 month ago

COP27 to deal with loss and damage: What does this mean for poor nations? What does compensation look like?

Firstpost  

Developing nations have been demanding that the developed world compensate for losses suffered due to climate change. Many of the world’s most climate-vulnerable countries have done little to cause climate change, yet they are experiencing extreme heat waves, floods and other climate-related disasters. The question of payments for loss and damage has been a long-standing point of negotiation at United …

COP27 | U.N. climate talks open in Egypt, climate compensation on agenda for first time
2 years, 1 month ago

COP27 | U.N. climate talks open in Egypt, climate compensation on agenda for first time

The Hindu  

Delegates at the the U.N.’s COP27 climate summit in Egypt agreed after late-night talks to put the delicate issue of whether rich nations should compensate poor countries most vulnerable to climate change on the formal agenda for the first time. The loss and damage discussions now on the COP27 agenda will not guarantee compensation or necessarily acknowledge liability, but are …

Op-Ed: Is there still time for COP27 to hold back climate catastrophe?
2 years, 1 month ago

Op-Ed: Is there still time for COP27 to hold back climate catastrophe?

LA Times  

Following a year of horrific and deadly heat waves, floods, droughts and storms, global leaders will converge this week on Sharm el Sheikh, Egypt, for the 27th Conference of the Parties to the U.N. It’s worth a reminder that the goal of the original convention, first signed in 1992 and ratified by enough nations to hold the first COP in …

Why climate cash could make or break COP27
2 years, 1 month ago

Why climate cash could make or break COP27

Al Jazeera  

It’s the dirty secret of climate talks. According to new research by Oxfam, Senegal, which is among the world’s most climate-vulnerable countries, has so far received 85 percent of its climate finance in the form of debt. As a consequence, Africa receives less than 4 percent of private climate finance even though many of its nations are on the front …

Climate Change: Show us the money, say developing countries
2 years, 1 month ago

Climate Change: Show us the money, say developing countries

Live Mint  

The UN Secretary General, António Guterres said it quite succinctly a few days ago: “We need a global surge in adaptation investment to save millions of lives from climate carnage. Every year, the impacts of the climate crisis—from wildfires to droughts to disastrous flooding and superstorms—are increasing manifold, and in order to cope with this reality, countries need to urgently …

At COP27, developed nations must deliver
2 years, 1 month ago

At COP27, developed nations must deliver

Hindustan Times  

With barely a few days to go before the 27th Conference of the Parties of the United Nations Framework Convention on Climate Change at Sharm El Sheikh, Egypt, two things have happened. If the Security Council indeed takes over the responsibility on this issue, a few States will then have a free-hand in deciding on all climate-related issues.” But the …

COP26: Paying the price of climate damage
3 years, 1 month ago

COP26: Paying the price of climate damage

The Hindu  

As the world struggles to keep the planet from overheating, the issue of who pays for the fallout of climate change is one of the major sticking points in negotiations at the U.N. climate conference in Glasgow, Scotland. "Small island developing states need to get a commitment that the issue of loss and damage will be dealt with in an …

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