ISLAMABAD
\nEstablishment of \u201cLoss and Damage\u201d Fund at the end of COP27 Conference must be a sigh of relief for \u201cThird World\u201d countries like Pakistan. During a recent United Nations\u2019 COP27 Climate Conference in Egypt, Countries have adopted a final agreement that establishes a fund to help poor nations cope with the extreme weather events caused by global warming. The historic agreement is known as \u201cLoss and Damage\u201d fund. In context of a devastating economic background, the agreement will provide a much needed ease for country like Pakistan.
\n\u201cThird World\u201d nations have been demanding the establishment of such fund for a very long time.
\nAccording to China Economic Net, Pakistan oversees this development as huge diplomatic achievement. Pakistan not only had obtained the support of international community over the issue of inclusion of agreement in conference\u2019s agenda, but also stressed need for a unanimous agreement.
\nPakistan\u2019s foreign minister Bilawal Bhutto commented on this achievement as a victory of \u201cclimate justice\u201d. In view of devastation caused by recent floods in Pakistan, this was an achievement for whole developing world, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Establishment of \u201cLoss and Damage\u201d Fund at the end of COP27 Conference must be a sigh of relief for \u201cThird World\u201d countries like Pakistan. During a recent United Nations\u2019 COP27 Climate Conference in Egypt, Countries have adopted a final agreement that establishes a fund to help poor nations cope with the extreme weather events […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-296593","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"\n