SHARM EL-SHEIKH, Egypt – Harjeet Singh of the environmental group Climate Action Network International said the new fund has effectively “sent a warning shot to polluters that they can no longer be blamed for their climate destruction.”
“From now on, they will have to pay for the damage they have done and be accountable to the people who are dealing with super storms, devastating floods and rising seas,” he said.
“In a historic breakthrough, rich countries have finally agreed to create a fund to help vulnerable countries reeling from devastating climate damage,” said Ani Dasgupta, president of the environmental think tank World Resources Institute.
“This loss and damage fund will be a lifeline for poor families whose homes have been destroyed, farmers whose fields have been destroyed and islanders who have been driven from their ancestral homes,” he said. “This positive outcome of COP27 is an important step towards restoring trust with vulnerable countries.”
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