COP27: Landmark Win on Loss and Damage Fund

SHARM EL-SHEIKH, Egypt, Nov 22 (IPS) – COP 27 delivered on what was the ‘litmus test’ for its success – consensus on the establishment of a fund on loss and damage. What seemed impossible was made possible, largely due to the unity of the G77 and China and the role of the Egyptian Presidency. Also important were efforts by civil society groups who put pressure on the United States, the main blocker to having the fund.

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