TNPSC Thervupettagam

Loss and damage fund

November 26 , 2022 603 days 476 0
  • 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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