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Should Singapore contribute to COP27 loss and damage fund?

An analysis of trade-offs and benefits is needed, as well as greater clarity on the basics of climate change compensation

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Singapore ranks 27th out of 142 countries in terms of emissions per capita based on the latest International Energy Agency data.

The agreement to set up a loss and damage fund at COP27 has implications for Singapore, and it is prudent to examine them closely, say the authors.

PHOTO: ST FILE

Euston Quah and Tan Jun Rui

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A key outcome of the recently concluded COP27 United Nations climate change summit in Egypt was

the agreement to set up a loss and damage fund.

The global fund, hailed as a breakthrough deal, will provide financial aid to poorer countries hit by climate disasters.

Singapore’s Minister for Sustainability and the Environment Grace Fu welcomed it as a positive move, but said that the

possibility of the Republic contributing to a donor base

for climate finance was still to be negotiated. 

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