IPE Global | News | November 18, 2022 IST
The meeting room at COP27 erupted with applause and celebrations after all parties' historic unanimous agreement on the Santiago network on loss and damage. This is a testament to true multilateralism. COP27 was billed as an implementation, COP renewed the hope of loss and damage.
The Santiago network is a catalyst framework that aims to provide technical assistance to countries to avert and minimize loss and damage. But can it make the climate finance equation right without neglecting the demand side quantum of developing-vulnerable countries?
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