COP27: Loss and damage funding officially included in agenda

COP27: Loss and damage funding officially included in agenda

The United Nations climate talks officially began today in Egypt's Green City of Sharm El Sheikh, with a victory for Kenya and other developing countries as a result of an agreement to formally include discussions on the financing of loss and damages caused by climate change effects.

COP27 President Sameh Shoukry, who is also Egypt's Foreign Minister, told the meeting that one of the issues to be discussed by members within 14 days of the event is financing of loss and damages.

Kenya is one of the countries pushing for a formal discussion on the issue that has divided rich and poor countries.

Following devastating droughts in Kenya, floods in Pakistan, deadly heatwaves in Europe, and catastrophic wildfires in the United States, the year 2022 has highlighted the urgency required to address climate change.

Kenya, which has borne the brunt of climate change, has joined forces with other developing countries to press developed countries to implement mechanisms for financing adaptation, mitigation, and now damages and losses caused by climate change.

Civil society members have urged more than 150 world leaders to increase funding for the climate change threat in order to assist poor communities in dealing with the effects of climate change.

The next fourteen days will be critical in terms of climate change.

The eyes of the world's more than 7.5 billion people will be fixed on Sharm El Sheikh to see what concessions will be made to save the world.

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climate change COP 27 climate change financing

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