COP27 ends on positive note for poor nations – Gulf Today

COP27 ends on positive note for poor nations – Gulf Today

Leaders of COP27 member countries pose for a family photo during the climate summit in Sharm el-Sheikh, Egypt. Reuters

The rich and industrialised countries have long resisted and skirted the issue that the poor and developing countries are paying the price for the acts of commission and omission by the industrialised, developed and rich countries of the West.

But the point was brought on to climate agenda for the first time in decades at the end of the climate summit at Sharm El-Sheikh in Egypt when it ended in the early hours of Sunday morning, a day later than the scheduled conclusion on November 18.

It has been agreed that a fund will be set up for the “loss and damage” that poor countries are facing due to extreme weather conditions, a consequence of climate change. The south Pacific island-nation Tuvalu finance minister Seve Peniu said,