COP27 deal delivers landmark on 'loss and damage' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Countries finally came to an agreement at the COP27 climate summit early on Sunday. It sets up a ‘loss and damage’ fund to help poor countries being battered by climate disasters but does not boost efforts to tackle the emissions causing them.

The swift approval for creating a dedicated loss and damage fund still left many of the most controversial decisions on the fund until next year, including who should pay into it.

Delegates praised the breakthrough on setting up the fund as climate justice, for its aim in helping vulnerable countries cope with storms, floods and other disasters being fueled by rich nations’ historic carbon emissions.Timmermans says, “This is the make or break decade, but what we have in front of us is not enough of a step forward for people and planet. It does not bring enough added efforts from major emitters to increase and accelerate their emissions cuts.

Small island nations facing a climate-driven rise in sea level had pushed for the loss and damage deal, but lamented a lack of ambition on curbing emissions. The two-week summit, billed as the “African COP” has been seen as a test of global resolve to fight climate change – even as a war in Europe, energy market turmoil and rampant consumer inflation distract international attention.

 

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What Climate Chângê?

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