The big news out of the 27th United Nations climate summit was the deal to create a form of climate reparations or “loss and damage” fund — a moment hailed as historic by many observers and a “pinch-me moment” for those who have been campaigning on the issue for years.
“Definitely yes, after so many years of sustained efforts to get a mention of the establishment of a fund. … It’s a good progress,” said UnniKrishnan Divakaran Nair, head of climate change at the Commonwealth Secretariat, during a Devex Pro Live event.
Yet Mamadou Honadia, a climate negotiator from Burkina Faso and representative of the LDC Group on Climate Change, was disappointed.