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COP27 agrees to adopt loss and damage fund but finer details missing

India's call to end all fossil fuels not acknowledged in final draft

Climate activists during the COP27 climate summit, in Sharm elSheikh, Egypt. (Photo: Reuters)
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Climate activists during the COP27 climate summit, in Sharm elSheikh, Egypt. (Photo: Reuters)

Shreya Jai New Delhi
Extended negotiations during the Confe­rence of the Parties (COP27) at Sharm el-Sheikh in Egypt have resulted in a landmark decision to create the first-ever ‘Loss and Dam­age Fund (LDF)’ 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.

The final implementation plan released by the UN — after the climate talks got stretched by nearly three days — stated: “It welcomes the consideration, for the first time, of matters relating to funding arrangements responding to loss and damage associated with the

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First Published: Nov 20 2022 | 3:16 PM IST

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