Are rich and poor countries divided on COP27 outcomes? - The Hindu
2 years ago

Are rich and poor countries divided on COP27 outcomes? - The Hindu

The Hindu  

November 25, 2022 08:35 pm | Updated 08:35 pm IST Another climate change summit has ended- COP27 in Egypt’s Sharm el Sheikh nearly ended last weekend without a deal. But on Sunday, it came out with progress on a long-pending agreement to set up a loss and damages fund to help the world’s most vulnerable countries hit by climate change. - The COPs are annual conferences to deal with climate change issues - The first COP was held in 1992, when the UN organised the Earth Summit in Rio de Janeiro, Brazil, where the UN Framework Convention on Climate Change was adopted, and - In the past 30 years, 197 countries have signed the UNFCCC - In the UNFCCC, all countries agreed to “stabilize greenhouse gas concentrations in the atmosphere to prevent dangerous interference from human activity on the climate system”. So immediately after this cop 27, we need to start encouraging major economies to contribute more and exceed the expectation because that is not enough.” Also happy was India, G77 and China group Chair Pakistan that faced what it called the worst climate change induced floods this year On the opposite side of the divide- EU and UK showed clear disappointment What are key takeaways for India?

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