Comprehension
3.15
ASSESS YOUR LEARNING
between promised financial support and actual needs.
The actual amount pledged by developed nations is only
$700 million to the Loss and Damage Fund, that is too
less than actual requirements. To add salt to this offer,
a significant portion of this funding may be provided as
loans, that will further burden the nations suffering from
climate change impacts.
Oil Producing and Exporting Countries (OPEC) letter
urging members to obstruct efforts to reduce fossil fuel
use has created tension during negotiations. This directly
contradicts the ‘phase down’ of fossil fuel use agreed upon
at COP26, that ...
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