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COP27 and the ambiguity about responsibility

  • Published
    26th Nov, 2022

Context:

In the COP 27 summit, parties agreed to a Loss and Damage fund (L & D) providing financial support to developing countries for low-carbon transformations, building resilience to inevitable climate impacts, and other steep challenges.

The Loss & Damage Fund:

  • Objective: To change the existing narrative of averting losses that have already occurred, and to start holding developed countries morally responsible and financially liable for the same.
  • Burden and responsibility: It excludes mention of responsibility and the principle of Common but Differentiated Responsibilities (CBDR).
  • Ambiguity: The ambiguity of responsibility is an adversarial notion to hold developed nations morally and financially accountable. With this the line between victim and perpetrator has been blurred.
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