What is loss and damage from climate change? And who should foot the bill? – The National

What is loss and damage from climate change? And who should foot the bill? – The National

The forging of an agreement at the Cop27 climate change summit in Egypt to set up a loss and damage fund to support poorer nations for the harm caused by climate change is a significant milestone.

It is more than three decades since the Pacific island nation of Vanuatu, representing other vulnerable island nations, introduced loss and damage to UN climate negotiations.

Agreement has been so slow in the making in part because developed nations, worried by the prospect of an enormous bill and legal liabilities, have been reluctant to address issues related to compensation.