Pakistan’s diplomatic efforts related to climate change paid off. In the COP 27 meeting under the United Nations, it was agreed to establish a fund for the compensation of environmental damage.
In the two-week-long conference in Sharm el-Sheikh, Egypt, developing countries including Pakistan demanded rich and polluting countries to compensate them for the environmental destruction they caused.
According to a foreign news agency, the demand was approved after two weeks of negotiations.
Federal Climate Change Minister Sherry Rehman has welcomed the agreement and said that it is the first important step towards climate justice.
She further said that it took a long time of 30 years to establish the fund for 134 countries.
Earlier, in a conversation with a news agency, Sherry Rehman said that if the agreement is reached, it will be an example for the weak people.
Earlier, in a conversation with Khabar Agency, Sherry Rehman said that if the agreement is reached, it will be an example for the weak people.
It’s been a long 30-year journey from demand to formation of the Loss & Damage Fund for 134 countries. We welcome today’s announcement 📣 and joint text hammered out thru many nights. It’s an important first step in reaffirming the core principles of #climatejustice @COP27P 1/4 pic.twitter.com/ErNDRLnLCt
— SenatorSherryRehman (@sherryrehman) November 20, 2022
The European Union (EU) rejected the COP 27 draft to deal with the environmental challenge.
At COP27, disagreements over the issue of reducing greenhouse gas emissions persisted to the last minute.
It has been agreed to limit global warming to 1.5 degrees Celsius, but there has been a failure to guarantee reductions in greenhouse gas emissions.