New Delhi. A UN climate summit in Egypt’s Sharm el-Sheikh concluded on Sunday with a historic decision to agree a ‘harm and damage’ deal, but a year ago in Scotland on other key matters including a phaseout of all fossil fuels. There has been very little progress compared to
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COP27 was expected to “phase out the use of all fossil fuels” including oil and gas – as proposed by India and supported by several developed and developing countries including the European Union and the US ‘ should also be included, but what was agreed upon at COP26 was not taken forward in the final agreement.
However, compared to COP26, COP27 used stronger language regarding renewable energy and incorporated the principles of equitable transition when referring to transitions to energy sources. The plan reaffirms the Paris Agreement goal of limiting the increase in global average temperature to about 2 °C below pre-industrial levels.
It said it would “significantly reduce the risks and impacts of climate change.” Financing or creating a new fund to address losses and damages has been a long-pending demand of poor and developing countries, including India, but rich Countries have avoided discussing it for more than a decade.
Developed countries, especially the US, have opposed the new fund fearing that doing so would make them legally liable for huge losses due to climate change. The ‘Loss and Damage Fund’ was proposed by the G77 and China (India is part of this group), least developed countries and small island states.
Least developed countries had said they would not leave COP27 without an agreement on a loss and damage fund. Shruti Sharma, senior advisor at the International Institute for Sustainable Development, said it was disappointing that COP27 did not carry forward the COP26 statement to deliver a stronger message on phasing out fossil fuels.
He said, “In COP26, the parties talked about reducing the unabated use of coal in a phased manner. COP27 was expected to include India’s proposal to phase out all fossil fuels including coal, oil and gas. Perhaps most important in this COP was the creation of a ‘Loss and Damages’ Fund.
“Accepting the agreement at COP27 was difficult, but in the end more progress has been made than anticipated,” said Aarti Khosla, director of Climate Trends. Mohammed Addo, executive director of Power Shift Africa, said countries must “… Sad to see “copying” the outcome of last year’s COP26 in Glasgow. Experts in India welcomed the approval of the historic ‘loss and damage’ settlement.
India played a constructive and active role for these agreements. Negotiators involved in the International Climate Conference approved the historic deal at around 8.45 pm Indian time on Sunday, under which a fund to compensate the least developed countries affected by the adverse weather conditions caused by the carbon pollution of the developed countries. Will be prepared.
The creation of the fund is a major victory for least developed countries, which have long sought cash to deal with the effects of climate change. It is noteworthy that poor countries facing climate change-related disasters are demanding money from rich countries for climate adaptation.
The poor countries believe that the carbon emissions that the rich countries are making have worsened the meteorological conditions, so they should be compensated. The official Twitter handle of the UN Climate Change Summit tweeted, “History made today at COP27 in Sharm-El-Sheikh.
The parties agreed to establish the much-awaited ‘Loss and Damage’ Fund to assist developing countries that have been particularly affected by the adverse effects of climate change. An important step has been taken in
Several Indians, including Vaibhav Chaturvedi, research fellow at the Council on Energy, Environment and Water, Ulka Kelkar, director of the climate program at World Research Institute (WRI) India, and Tarun Gopalakrishnan, research fellow at Tufts University’s Fletcher School, welcomed the agreement. Pakistan’s climate minister Sherry Rehman, who has often spoken out for the world’s poor countries, said, “Thus our 30-year journey has finally come to fruition today.”
A third of his country was affected by devastating floods this summer. Annie Dasgupta, president of the World Resources Institute, an environmental think tank, said: “This compensation fund will be a lifeline for poor families whose homes have been destroyed, farmers whose farms have been destroyed and islanders who have lost their livelihoods.” I was forced to leave my ancestral home.
“This positive outcome of COP27 is an important step towards rebuilding trust between vulnerable countries,” Dasgupta said. warned that they can no longer get away with climate destruction” and that they will be held accountable.
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