Climate finance must take centre-stage in global action1 min read . Updated: 05 Dec 2022, 11:06 PM IST
Climate finance lies at the heart of climate action. The incentive for countries to procrastinate on climate action is high, given other urgent priorities
The 27th Conference of Parties (CoP-27) held in Egypt under the aegis of the United Nation ended last month in an expectedly disappointing way. Nearly 34,000 people registered for the event. Eloquent words were spoken. Action remained well short of rhetoric. The silver lining of the cloud was an agreement on a Loss and Damage Fund. This fund aims to provide compensation and financial assistance to vulnerable nations most impacted by the effects of climate change.
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