The fund will help these countries cope with, recover from losses caused by climate change. India, as one of UN’s ‘developing’ nations, has expressed support for fund's operationalisation.
Wealthy nations are yet to deliver on the 2009 pledge to provide $100 billion per year for developing nations to deal with the consequences of rising temperatures.
Christian's Aid findings come a month after the COP27 agreement to establish a loss and damage fund, which is being set up to assist developing countries vulnerable to the impacts of climate change.
Loss and damages fund has long been a demand of the developing world, which is facing the brunt of climate change. At COP27, talks over the fund nearly broke down late Saturday.
COP27 president Sameh Shoukry said he has drafted texts on topics of negotiation on which no consensus had been reached & parties will be provided further opportunity to respond to them.
Financial facilities to developing countries facing debt crises was dropped from draft text, along with India's proposal to phase down 'all fossil fuels'.
By Valerie Volcovici and Aidan Lewis SHARM EL-SHEIKH, Egypt (Reuters) - Highly polluting emerging economies including China and India should pay into a climate compensation fund to help countries
Since 1979, Iran has used the Palestinian issue as a façade for its regional agenda to oppose American diplomacy, the Western world, and the existence of Israel.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.
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