The historic ‘loss and damages’ fund agreed upon during COP27 has received a mixed response. The fund is meant for poor nations bearing the brunt of climate change. Critics have felt that the deal, made after a marathon negotiating session that ran 40 hours beyond its deadline, has come at the cost of curbs on emissions, the main cause of global warming. Many countries said they felt pressured to give up on commitments to limiting global warming to 1.5 degrees Celsius in order for the loss and damage fund to go through during talks. Watch to know how rich countries bypassed the need to curb fossil fuel emissions to cap global warming.
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