COP28: Making Loss and Damage Fund Work| Will Rich Countries Contribute to Climate Action?

COP28: Making Loss and Damage Fund Work| Will Rich Countries Contribute to Climate Action?

Maryam Shabbir, an environmental expert, is joined by Harjeet Singh, Head of Global Political Strategy at Climate Action Network International to discuss the upcoming COP28. 

At COP27 in Sharm El Sheikh, developing countries were finally successful in establishing the transitional committee for the operationalization of the loss and damage fund. The transitional committee met four times in a year and submitted the draft. The developing countries have a problem with the World Bank as an institution to receive money. Now all eyes are on COP28 to see where things go.

This time, the situation goes beyond denying climate change, with science confirming the impact of burning fossil fuels over the last 150 years as the primary cause of the climate crisis. Those most responsible, including countries and corporations, need to pay for the consequences faced by those who played no role in causing the crisis. Developed countries, including Pakistan, must take the lead in supporting developing nations affected by the crisis.