On 19th November 2022, the thirteenth day of the COP27 at Sharm-el-Sheikh, a proposal was put up to set up a fund to benefit countries coping with irreparable damage from the consequences of climate change such as severe storms, floods, droughts and wildfires after plenty of negotiations between the developed and developing countries.
Rich nations, such as the US and those in
Europe, have fought the notion of a so-called loss and damage fund for decades
out of concern that doing so would expose them to legal liability for their
historical greenhouse gas emissions.
Pakistan’s Nabeel Munir, lead negotiator
for the G77 group of developing countries and Avinash Persaud, Barbados
negotiator praised the proposal.
On the other hand, India and many other
countries were disappointed the COP27 draft agreement released by the UN’s
climate office did not include the phasing out of “all fossil fuels” and
instead only focused on phasing out coal.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
