Despite breakthrough on fund for developing nations, Ursula von der Leyen says Cop27 has not delivered on commitment to phase down fossil fuels

The main sticking point of Cop27 has been over the creation of a loss and damage fund – finance provided by rich nations to poorer ones to help them prepare for and recover from the worst impacts of climate breakdown.

Some, especially in the rightwing press, have framed this as “reparations”, a highly loaded term. It’s also misleading, as under article 8 of the Paris climate agreement it is explicitly made clear that loss and damage “does not involve or provide a basis for any liability or compensation”.

Continue reading…

%d bloggers like this: