COP27 and the ambiguity about responsibility
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.