COP27 conference approves historic climate damage fund for developing nations

Following two weeks of negotiations that felt doomed to go nowhere, the COP27 climate conference delivered a breakthrough deal to help developing nations cope with the often catastrophic effects of climate change. The Washington Post reports dignitaries agreed to create a “loss and damage fund” in the early hours of Sunday morning after two extra days of negotiations. The Alliance of Small Island States, an organization that includes countries whose very existence is threatened by climate change, called the agreement “historic.” However, as with the Glasgow Climate Pact that came out of last year’s COP26 conference, the consensus is that COP27 failed to deliver the action that is desperately needed to meet the demands of the current moment.

For one, the conference failed to see nations agree to new and stronger commitments to reduce their carbon emissions. According to The Post, China and Saudi Arabia were strongly against language calling for a phaseout of all fossil fuels, as were many African nations. Alok Sharma, the chair of COP26, said (via Phys.org) a clause on energy was “weakened, in the final minutes.”

The conference also left many of the most important details related to the loss and damage …read more