SHARM EL-SHEIKH, Egypt, Nov 17 – The COP27 climate summit in Egypt must establish a fund to help countries recover from damage caused by climate disasters, ministers representing developing countries said on Thursday.
“Anything less than creating a loss and damage fund at this COP is a betrayal of the people who are working so hard to clean up this environment and the people fighting for humanity,” said Molwyn Joseph, Antigua and Barbuda’s Environment Minister.
He said this at a press conference of leaders of groups representing developing countries at the UN climate talks. Antigua and Barbuda are a block of small island states.
This demand is based on the fact that the developed countries have already emitted a humongous amount of carbon and continuing to produce for their development. But the same countries are asking developing nations to pay for the damage caused to environment and to stop their carbon emissions suddenly.