COP27 considering loss and damage fund among other finance options - draft text

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COP27 considering loss and damage fund among other finance options - draft text
مصر أحدث الأخبار,مصر عناوين

The United Nations on Monday published a draft text setting out what the COP27 climate summit could agree on the subject of 'loss and damage' financing for countries being ravaged by climate impacts.

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The draft text, which could change before it is adopted at the conclusion of the summit and in places contained multiple options, included a reference to the establishment of a new U.N.-administered fund.

a) A new fit-for-purpose fund under the UNFCCC;c) The strengthening of existing operating entities of the Financial Mechanism, recognizing their governance/governing instruments;f) Development finance;i) Humanitarian assistance;Our Standards:

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