But, the countries failed to get a consensus on emission reductions.
All 197 countries attending the event agreed to establish a financial fund for helping cash-strapped developing countries that are particularly vulnerable to the impacts of climate change.The agreement will see the implementation of a transitional committee with representatives from 24 countries that will attempt to establish how the fund should function. Recommendations will be presented at COP28 in the United Arab Emirates next year.
“The establishment of a fund is not about charity, it is a down payment and investment in our joint futures ... a down payment on climate justice,” she said.. The nation had been historically opposed to such a step since it is the world’s largest polluter and would likely have a big liability.However, many felt that the conference did not fully address the ever-rising carbon emissions which are heating the planet and causing many disastrous weather events.
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