Bary White
After extending the Sharm El Sheikh summit for two days, a new fund to help countries worst-hit by the effects of climate change was agreed by some 200 countries in a historic deal. Called the ‘loss and damage fund’ we don’t yet know the details of how much money it will involve, and where the cash will come from. Poor countries had been pushing for 30 years for rich countries to help foot the bill for ‘loss and damage’ caused by global warming. The summit also agreed that the world needed to cut greenhouse gas emissions nearly in half by 2030.
But critics say the COP27 UN summit in Egypt did not go far enough on cutting the emissions that cause climate change.
Continue reading “COP 27 – financial help for some but no action on fossil fuels”