New Delhi: While the UN climate summit in Egypt concluded with a landmark decision to establish a fund to address loss and damage, the outcome on other crucial issues like phaseout of all fossil fuels reflected little progress when compared to the deal struck a year ago in Scotland.
The hope at COP27 was to include a "phaseout of all fossil fuels", including oil and gas, as proposed by India and backed by many developed and developing countries including the EU and the US, but the final agreement did not essentially build on what was agreed upon in COP26.
