What’s in it for South Asia? – DW – 11/21/2022

Countries that participated in this year’s UN climate summit (COP27) in the Egyptian resort city of Sharm el-Sheikh agreed on Sunday to set up a “loss and damage” fund to help developing and climate-vulnerable countries overcome the devastating effects of worsening weather extremes.

The agreement was struck despite initial resistance from rich nations — which are primarily responsible for the bulk of the world’s greenhouse gas emissions — to the idea of compensating poorer ones for climate impacts.

Many poorer and vulnerable nations have long appealed for financial aid that will help pay for damage caused by climate change-triggered environmental disasters.

“With the creation of a new loss and damage fund, COP27 has sent a warning signal to polluters that they can no longer…

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