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COP27: Climate Change Loss & Damage Fund Announced But Specifics Only By 2023 COP

IPE Global | News | November 20, 2022 IST

COP27: Climate Change Loss & Damage Fund Announced But Specifics Only By 2023 COP

In a win for developing countries, negotiators at the 27th Conference Of The Parties on climate change (COP27) have agreed to establish a finance facility to address climate-induced loss and damages faced by developing countries that are particularly vulnerable. But the details of the facility, along with the total corpus, will be finalised at the next climate conference (COP28) in the United Arab Emirates in 2023.

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