Current location:world >>
Landmark "loss and damage" fund approved as UN climate conference closes in Egypt
world818People have gathered around
IntroductionThis photo shows the closing plenary of the COP27 climate change conference in Sharm El-Sheikh, Egyp ...
This photo shows the closing plenary of the COP27 climate change conference in Sharm El-Sheikh, Egypt, Nov. 20, 2022. (Xinhua/Sui Xiankai)
SHARM EL-SHEIKH, Egypt, Nov. 20 (Xinhua) -- A long-awaited "loss and damage" fund to help those countries vulnerable to climate change was approved on Sunday at the end of the 27th session of the Conference of the Parties (COP27) to the United Nations Framework Convention on Climate Change (UNFCCC).
"I welcome the decision to establish a loss and damage fund and to operationalize it in the coming period," UN Secretary-General Antonio Guterres said in a statement, noting that the two-week conference held in the Egyptian resort city of Sharm El-Sheikh "has taken an important step towards justice."
However, Guterres said that the fund will not be enough but is "a much-needed political signal to rebuild broken trust."
This photo shows the closing plenary of the COP27 climate change conference in Sharm El-Sheikh, Egypt, Nov. 20, 2022. (Xinhua/Sui Xiankai)
"A fund for loss and damage is essential, but it's not an answer if the climate crisis washes a small island state off the map, or turns an entire African country to desert," said the UN chief.
Guterres also stressed that limiting global warming to 1.5 degrees Celsius is a "red line" that the world must not cross.
The idea of establishing a fund for loss and damage suffered by developing and poor nations due to climate change had always been shunned by developed countries due to their concerns that the fund could expose them to legal liabilities and lawsuits from the affected countries.
"Today, here in Sharm El-Sheikh, we established the first-ever dedicated fund for loss and damage -- a fund that has been so long in the making," said Egyptian Foreign Minister Sameh Shoukry, who is also president of the COP27, at the closing session.
"Millions around the globe can now sense a glimmer of hope that their suffering will finally be addressed swiftly and appropriately," he said.
Attended by representatives of nearly 200 nations, the COP27 was extended for more than a day till the proposed agenda was finished.
Shoukry said that the achievements of COP27 deliver a message to the world "that multilateral diplomacy still works" and that, despite the difficulties and challenges, "we remain committed to the fight against climate change."
Sameh Shoukry (C), Egyptian foreign minister and COP27 president, speaks at the closing plenary of the COP27 climate change conference in Sharm El-Sheikh, Egypt, Nov. 20, 2022. (Xinhua/Sui Xiankai)
For his part, UNFCCC Executive Secretary Simon Stiell said that the outcome of the COP27, which wasn't easy to accomplish, was "historic" as it benefits the most vulnerable people around the world.
Zhao Yingmin, head of the Chinese delegation to the COP27 and vice minister of the Ministry of Ecology and Environment, told Xinhua that the COP27 made progress on adaptation, finance and "loss and damage," which are issues of great concern to developing countries.
In addition to the establishment of the "loss and damage" fund, the conference also decided to establish a global adaptation framework, he noted.
However, at this year's conference, developed countries took a passive attitude towards issues such as providing financial and technical support to developing countries, said Zhao.
Developed countries have neither delivered on the 100 billion U.S. dollars in annual climate finance commitment, nor made a clear funding arrangement for doubling adaptation finance, he added.
Zhao said he hoped that developed countries would work together with the international community towards building a shared future of sustainable climate.
Participants are seen near an earth model at the venue of the 27th session of the Conference of the Parties (COP27) to the United Nations Framework Convention on Climate Change in Sharm El-Sheikh, Egypt, Nov. 15, 2022. (Xinhua/Sui Xiankai)
Egyptian veteran ecologist Magdy Allam, secretary-general of the Arab Federation for Environmental Experts affiliated with the Cairo-based Arab League, considered the COP27 "a great triumph."
"Including the 'loss and damage' fund on the COP27 agenda is a great victory. It has been completely rejected at all former COP summits," Allam told Xinhua.
"It's a big progress that developed and major industrial countries admitted the damages they have caused to the environment," he said, adding that it is the first COP that underlines implementation and shows commitment. ■
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Global Gist news portal”。http://kiribati.argoasecurityeu.com/article-30a099894.html
Related articles
How major US stock indexes fared Monday, 5/20/2024
worldU.S. stock indexes drifted to a mixed finish after a quiet day of trading, and the Nasdaq composite ...
【world】
Read moreUnderstanding Xi's Quotes on Conservation of Yellow River
worldContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【world】
Read moreChina's air passenger trips to reach 9 million during May Day holiday
worldAn Air China plane takes off from Beijing Daxing International Airport. [Photo by Zou Hong/chinadail ...
【world】
Read more
Popular articles
- A Canadian serial killer who brought victims to a pig farm is hospitalized after a prison assault
- South China tourist city all set for art festival
- Chinese, Kyrgyz Presidents Hold Talks, Elevate Bilateral Relationship
- Guangxi's Sanyuesan Festival makes a splash in Beijing
- Australia as Bangladesh vow to boost trade as foreign ministers meet in Dhaka
- In pics: Snow Town scenic spot in Hailin City, Heilongjiang
Latest articles
Guardians ruin Francisco Lindor's Cleveland homecoming, trip Mets 3
Wintering birds return to China's largest recovering freshwater lake
District in Guiyang of SW China eyes rural vitalization with agritourism
City set to enjoy a bonanza of tourist attractions
Warner holds out IPL hot shot Fraser
Family garden becomes a hit with international visitors
LINKS
- 3 children in minivan hurt when it rolled down hill, into baseball dugout wall in Illinois
- 3 children in minivan hurt when it rolled down hill, into baseball dugout wall in Illinois
- The tunnels have EYES! Inside the hidden 100
- Ceddanne Rafaela homers, drives in 7 runs to lead Boston's 17
- Delhi edges Mumbai to keep IPL playoff hopes alive while Samson powers Rajasthan to win
- Steven Stamkos scores twice, Lightning avoid elimination with 6
- Bonmati shines as Barcelona ousts Chelsea in Women’s Champions League semis
- Shedeur Sanders shines, new transfers step up in Colorado's spring game on rainy and cool day
- The Bears see bigger things in store after drafting QB Caleb Williams, WR Rome Odunze
- Chinese scientists propose new solutions for fast