According to a PM Office statement, COP27 made history by taking a practical step comparing the Paris Accord and Green Marshal Plan. The COP27 summit was recently held on November 7-8 also participated by the prime minister at the invitation of the Egyptian president. He had also co-chaired a roundtable conference on “loss and damage” and his address to the session also mainly focused on climate change-induced disaster and the measures to mitigate the losses.
The prime minister emphasized the establishment of the Loss and Damage Fund to provide climate justice to the affected countries. Following the agreement on the establishment of the Fund, Sherry Rehman said, “It has been a long 30-year journey from demand to the formation of the Loss & Damage Fund for 134 countries” and called it an important first step in reaffirming the core principles of climate justice.
“This is not about accepting charity,” she said. “This is a down payment on investment in our futures, and in climate justice,” she remarked. The United Nations Secretary-General Antonio Guterres also welcomed the decision and said, “Clearly, this will not be enough, but it is a much-needed political signal to rebuild broken trust.”
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