Walking the talk for climate change

A recent UN report shows that global emissions, instead of reducing by 45 per cent by 2030, are set to increase by close to 11pc. The Sharm el-Sheikh Climate Change Conference (COP 27) brought together more than 45,000 participants to take action toward achieving climate goals agreed upon under the Paris Agreement and the Convention. A report by 55 vulnerable countries estimated their combined climate-linked losses over the last two decades at $525 billion, or 20pc of their collective GDP. The United Nations Framework Convention on Climate Change (UNFCCC) has calculated that developing countries would need a cumulative $5.8–5.9 trillion up to 2030 to fulfil even current Nationally Determined Contributions (NDCs). What sets COP27 apart from its predecessors is its breakthrough in setting up the Loss and Damage Fund for poor nations for the loss and devastation they suffer due to climate change.