On the opening day of the UN climate conference, over 190 participating countries, including India, agreed to include funding for loss and damage in the agenda for the COP27.
Background –
Details –
About “Loss and damage” –
Genesis of the concept of “Loss and damage” –
About ‘Warsaw International Mechanism’ for Loss and Damages –
The Warsaw International Mechanism (WIM) for Loss and Damages, set up in 2013, was the first formal acknowledgment of the need to compensate developing countries struck by climate disasters.
Way ahead –