Sharm el-Sheikh Implementation Plan
Sharm el-Sheikh Implementation Plan was agreed at the COP27 summit. It included a historic commitment by richer nations to give money to developing nations to help them recover from the damage and economic losses wreaked from ongoing climate change impacts.
- For the first time countries agreed to establish a "loss and damage" fund. This will be a pot of money to help poorer nations recover from the impacts of climate change, such as destroyed homes, flooded land or lost income from dried-out crops.
- Previously, these countries have only received money for mitigation - efforts to move away from fossil fuels, and adaptation. ....
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