‘Historic’ but ‘not enough’: UN climate deal reactions

  • Date: 20-Nov-2022
  • Source: Arab News
  • Sector:Oil & Gas
  • Country:Egypt
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‘Historic’ but ‘not enough’: UN climate deal reactions

SHARM EL_SHEIKH: The UN COP27 climate summit in Egypt drew praise Sunday for the creation of a “loss and damage” fund to help vulnerable countries cope with the destructive impacts of global warming. But there was also anger over a failure to push further ambition on cutting emissions in order to keep alive the aspirational goal of limiting global warming to 1.5 degrees Celsius from pre-industrial levels. Here are some of the reactions: “This COP has taken an important step toward justice. I welcome the decision to establish a loss and damage fund.” “Clearly, this won’t be enough ... To have any hope of keeping to 1.5, we need to massively invest in renewables and end our addiction to fossil fuels.” “My friends, we heard the call and we responded. Today here in Sharm el-Sheikh we stablished the first ever dedicated fund for loss and damage, a fund that has been so long in the making.” “Millions around the globe can now sense some glimmer of hope that their suffering will finally be addressed appropriately.” “The establishment of loss & damage fund at the UN climate summit is the first pivotal step toward the goal of climate justice.” “The historic