NEW DELHI: Experts, observers of the UN processes and civil society groups found themselves on the same page while welcoming the landmark agreement on setting up a new fund for loss and damage to support victims of climate crisis but many of them even pointed out how failure to agree on phasing out of all fossil fuels including oil and natural gas may eventually threaten the gain of the historic move of the COP27 at Sharm el-Sheikh, Egypt. They said the outcome did little to address the cause of global warming.
"This COP has taken an important step towards justice. Clearly this will not be enough, but it is a much-needed political signal to rebuild broken trust. The voices of those on the frontlines of the climate crisis must be heard," said UN secretary-general Antonio Guterres while reacting to the decision to establish a loss and damage fund and to operationalize it in the coming period.
