UN climate talks in Egypt failed to deliver, except on one significant issue
The only solace is the start of a fund to pay poor nations for the loss and damage they are suffering due to climate change.
Source: scroll.in
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COP27 is likely to end in a stalemate, with wealthy nations once again letting down poor nations
It is unlikely any concrete action will be delivered on ‘loss and damage’.
Source: scroll.in
Pakistan among the first seven countries to receive climate funding under 'Global Shield' initiative by G7
On Monday, the Group of Seven leading economies launched an initiative called the “Global Shield” at the United Nations’ COP27 climate summit which will provide immediate funding to the countries when they are hit by the devastating impact of climate change. Coordinated by the G7 president nation Germany, it will provide rapid access to funds for insurance and disaster protection after flooding, drought and hurricanes. The programme was developed in collaboration with ‘V20’ which is a group of 58 climate-vulnerable countries chaired by Ghana.
Source: wionews.com
A tiny Pacific island nation could end up opening the floodgates to international climate litigation
Sixteen states led by Vanuatu want the International Court of Justice to the obligations of states in relation to the adverse effects of climate change.
Source: scroll.in
COP27: UN climate summit opens with little hope of success
Hope for a strong outcome is perhaps at its lowest in the three-decade history of global climate negotiations.
Source: scroll.in