COP27 agrees to adopt loss and damage fund but finer details missing

India's call to end all fossil fuels not acknowledged in final draft

Extended negotiations during the Confe­rence of the Parties (COP27) at Sharm el-Sheikh in Egypt have resulted in a landmark decision to create the first-ever ‘Loss and Dam­age Fund (LDF)’ to compensate developing nations for harm caused by climate extremes. But there was little progress on other key issues, su­ch as India’s call for “phasing down” all fossil fuels.

The final implementation plan released by the UN — after the climate talks got stretched by nearly three days — stated: “It welcomes the consideration, for the first time, of matters relating to funding arrangements responding to loss and damage associated with the