Indian experts fear New Delhi could suffer from Cop27 loss-and-damage deal – The National

Indian experts fear New Delhi could suffer from Cop27 loss-and-damage deal – The National

Indian experts have cautiously welcomed New Delhi’s stand on last week’s “historic” agreement signed at the Cop27 climate summit in Egypt that aims to set up a loss-and-damage fund to compensate countries for environmental destruction brought about by developed nations.

New Delhi has hailed the new fund as a victory for the nations that are already facing the brunt of climate change but remain among the lowest emitters of greenhouse gases that are counted as the primary reason for global warming.

Loss and damage refers mainly to the irreversible effects of climate change on the planet that cannot be corrected by mitigation or reduced through adaptability such as the use of clean energy.