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COP27 Reaches Climate Fund Breakthrough But AT A Cost
by : Nikola Gemeš |
Published: December 2, 2022
0 shares Share 0 Tweet 0 Pin 0 Share 0 This year’s UN climate summit ended on Sunday, resulting in a hard-fought deal to create a fund to help developing countries that bear the brunt of climate disasters. Although …
This year’s UN climate summit ended on Sunday, resulting in a hard-fought deal to create a fund to help developing countries that bear the brunt of climate disasters.
Although the deal was heralded as a triumph for responding to the devastating impact of global warming on vulnerable countries.
Still, many countries admitted they felt pressured to give up on more demanding commitments to limiting global warming to 1.5 degrees Celsius for the sake of the damage fund.
Reuters reports that after intense negotiations, delegates made no objections and Egypt’s COP27 President Sameh Shoukry rattled through the final agenda items and gaveled the deal through.
Despite having no agreement for a stronger commitment to the 1.5 C goal set in the 2015 Paris Agreement, “we went with what the agreement was here because we want to stand with the most vulnerable,” Germany’s climate secretary Jennifer Morgan, visibly shaken, told Reuters.
The deal for a loss and damage fund is a clear victory for small island nations and other vulnerable countries.
They managed to win over the 27-strong EU and the US which had long challenged the idea, fearing it could make them legally liable for historic emissions.
However, those who spoke in favor of the deal reassured the committee that the fund will come from various sources, instead of relying on rich nations to pay in.
Still, many questions remain unanswered. Who will oversee the fund, how the Money would be distributed, and to whom?
Highlights
• 10 years of writing and editing experience Obsessed with home decor trends, plant parenting, cleaning, and other lifestyle topics.
• Expertise in content marketing and email strategy for brands and small businesses
About Nikola Gemeš
Nikola Gemeš, an electrical engineer turned sustainability consultant, bridges the gap between complex environmental concepts and GreenCitizen readers with his well-researched, accurate content. His commitment to sustainability extends from his professional life to personal practices of recycling and home-grown food. An adventurer at heart, Nikola enjoys hiking, white-water sports, and pocket knife collecting. At Green Citizen, he's instrumental in presenting the best sustainable brands, aiding well-informed decision-making. He firmly believes in the collective power of individuals, experts, businesses, and governments to foster a world where sustainability, life quality, economic prosperity, diversity, mental health, and gender equality are core values.
Experience
Nikola Gemeš has a rich and diverse background in electrical engineering, which he utilizes to break down complex sustainability topics for his readers. His unique blend of technical knowledge and communicative skills has made him a crucial part of GreenCitizen. Nikola's experience has honed his ability to navigate through intricate data and research, ensuring the content he delivers is both accurate and reliable. His passion for educating and informing is palpable in the impact he has made on Green Citizen's readership.
Outside of his professional endeavors, Nikola is deeply committed to environmental conservation in his personal life. This commitment is reflected in his everyday activities, from recycling to cultivating his own food. His hands-on approach to sustainability gives him a first-hand understanding of practical conservation efforts, further enriching the content he produces. These personal experiences often seep into his work, making it relatable and engaging for readers.
Nikola's key role extends to assessing and presenting sustainable brands to his audience. His comprehensive grasp of sustainability allows him to critically evaluate and offer the best environmentally-friendly options available on the market. He aids readers in making informed decisions that have a positive impact on both their lives and the environment. His belief in collective efforts towards a sustainable world is evident in his work, as he consistently promotes values of quality life, economic prosperity, diversity, mental health, and gender equality.
COP27 Reaches Climate Fund Breakthrough But AT A Cost
by : Nikola Gemeš | Published: December 2, 2022
0 shares Share 0 Tweet 0 Pin 0 Share 0 This year’s UN climate summit ended on Sunday, resulting in a hard-fought deal to create a fund to help developing countries that bear the brunt of climate disasters. Although …
This year’s UN climate summit ended on Sunday, resulting in a hard-fought deal to create a fund to help developing countries that bear the brunt of climate disasters.
Although the deal was heralded as a triumph for responding to the devastating impact of global warming on vulnerable countries.
Still, many countries admitted they felt pressured to give up on more demanding commitments to limiting global warming to 1.5 degrees Celsius for the sake of the damage fund.
Reuters reports that after intense negotiations, delegates made no objections and Egypt’s COP27 President Sameh Shoukry rattled through the final agenda items and gaveled the deal through.
The deal for a loss and damage fund is a clear victory for small island nations and other vulnerable countries.
They managed to win over the 27-strong EU and the US which had long challenged the idea, fearing it could make them legally liable for historic emissions.
However, those who spoke in favor of the deal reassured the committee that the fund will come from various sources, instead of relying on rich nations to pay in.
Still, many questions remain unanswered. Who will oversee the fund, how the Money would be distributed, and to whom?
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Nikola Gemeš
Highlights • 10 years of writing and editing experience Obsessed with home decor trends, plant parenting, cleaning, and other lifestyle topics. • Expertise in content marketing and email strategy for brands and small businesses About Nikola Gemeš Nikola Gemeš, an electrical engineer turned sustainability consultant, bridges the gap between complex environmental concepts and GreenCitizen readers with his well-researched, accurate content. His commitment to sustainability extends from his professional life to personal practices of recycling and home-grown food. An adventurer at heart, Nikola enjoys hiking, white-water sports, and pocket knife collecting. At Green Citizen, he's instrumental in presenting the best sustainable brands, aiding well-informed decision-making. He firmly believes in the collective power of individuals, experts, businesses, and governments to foster a world where sustainability, life quality, economic prosperity, diversity, mental health, and gender equality are core values. Experience Nikola Gemeš has a rich and diverse background in electrical engineering, which he utilizes to break down complex sustainability topics for his readers. His unique blend of technical knowledge and communicative skills has made him a crucial part of GreenCitizen. Nikola's experience has honed his ability to navigate through intricate data and research, ensuring the content he delivers is both accurate and reliable. His passion for educating and informing is palpable in the impact he has made on Green Citizen's readership. Outside of his professional endeavors, Nikola is deeply committed to environmental conservation in his personal life. This commitment is reflected in his everyday activities, from recycling to cultivating his own food. His hands-on approach to sustainability gives him a first-hand understanding of practical conservation efforts, further enriching the content he produces. These personal experiences often seep into his work, making it relatable and engaging for readers. Nikola's key role extends to assessing and presenting sustainable brands to his audience. His comprehensive grasp of sustainability allows him to critically evaluate and offer the best environmentally-friendly options available on the market. He aids readers in making informed decisions that have a positive impact on both their lives and the environment. His belief in collective efforts towards a sustainable world is evident in his work, as he consistently promotes values of quality life, economic prosperity, diversity, mental health, and gender equality.
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