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Loss and damage fund
November 26 , 2022
723 days
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- COP27 at Sharm el-Sheikh in Egypt have resulted in a landmark decision to create the first-ever ‘Loss and Damage Fund’.
- It aims to compensate developing nations for harm caused by climate extremes.
- But there was little progress on other key issues, such as India’s call for “phasing down” all fossil fuels.
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