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Loss and damage fund: Path ahead remains thorny

FILE PHOTO: A flood victim stands in his damaged house, following rains and floods during the monsoon season, in Nowshera, Pakistan August 31, 2022. REUTERS/Fayaz Aziz/File Photo

During the monsoon season in 2022, Pakistan witnessed catastrophic floods that killed 1,739 people.

PHOTO: REUTERS

Debarshi Dasgupta

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NEW DELHI - Amid disappointment that the COP27 climate talks failed to deliver on several fronts, including fresh commitments to reduce emissions, there was one break in the clouds.

This was the

creation of a loss and damage fund

that requires developed countries to provide financial assistance to poor and developing nations struck by devastating climate disasters.

Loss and damage fund: Path ahead remains thorny

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