Creating nations shall be compensated for local weather catastrophes after COP27 delegates struck a historic deal to create a ‘loss and injury’ fund.
The fund – one of many few bits of constructive information to come back out of the summit – will assist poorer nations handle the devastating aftermath of utmost climate occasions brought on by a local weather disaster they’ve barely contributed to.
UK-based marketing campaign group Make Polluters Pay, which places the mixed invoice for 2021’s most expensive local weather disasters at $170bn (£150bn), stated the transfer was “undoubtedly a big step ahead within the marketing campaign for local weather justice.”
Nonetheless, it may but show to be a step taken at snail’s tempo – the query of who pays into the fund, and the way a lot, gained’t be mentioned till COP28 in a yr’s time.
The deal follows Denmark’s pledge on the United Nations normal meeting in September of DKK100m (£12m) for loss and injury. Scotland introduced £2m at COP26 in Glasgow.
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Picture: Neil Palmer/IWMI/Local weather Visuals
Predominant picture: LFPuntel/iStock