Loss and Damage Deal - 'A Step Towards Justice', Says UN Chief

Compensation for the loss and damage suffered by countries on the frontlines of the climate emergency has been a key issue at the recently-concluded COP27 talks in Sharm el-Sheikh, Egypt. Also on the agenda has been how the move away from fuels - or the just transition - will be funded.

After missing their Friday night deadline, negotiators were finally able to reach conclusions on the most difficult items of the agenda, including a loss and damage facility - with a commitment to set up a financial support structure for the most vulnerable by the next COP in 2023 - as well as the post-2025 finance goal, that would reduce emissions faster, and secure assurances from key countries that they will take immediate action to raise ambition and keep us on the path towards 1.5°C, according to UN News.

InFocus

A presentation at the COP27 in Sharm el-Sheikh in Egypt.

Follow AllAfrica

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.