In the waning hours of the year’s biggest climate change conference – COP27 – we learned of a deal to create a loss and damage fund. This is essentially a source of finance to compensate poor countries for the pain they are incurring because of climate change. An often-cited example of such suffering is the ongoing drought in the Horn of Africa region, which has put some 22 million people at risk of severe hunger.
While some have heralded this agreement as long overdue climate reparations, others point out that the loss and damage fund does nothing to address the root causes of climate change - fossil fuel emissions.
