In the 1990s, awareness of climate change and its impact began to emerge after the discovery of the hole in the polar ozone layer.
Since then, the UN has set out to tackle climate change and reduce its severity. The Climate Change Action Plan was created in 1992. This program came into effect in 1994 till date 198 countries have signed.
The Climate Change Conference has been held annually since 1995 to keep climate change in balance and prevent further damage. It will discuss the major problems of the respective year and climate change. Other countries will help countries that cannot deal with climate change. Developed, developing and poor countries all work together to protect the planet.
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In that way, the UN The 27th Conference of the United Nations Climate Change Program began on November 6 in Sharm el-Sheikh, Egypt. More than 100 world leaders participated in this conference and addressed their recommendations and initiatives to tackle climate change.
The conference mainly discussed the issue of compensation by developed countries to poor and developing countries affected by climate change. International nations have since agreed to provide long-awaited loss and damage funds.
It is reported that this is a historic agreement, through which developing and poor countries can compensate the losses caused by climate change. And the United States and the European Union have agreed to establish such a loss and damage fund for the first time
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As per the agreement between the countries, the fund will receive funding from developed countries and other public and private sources such as international financial institutions in the initial stages. The European Union and the United States have also argued that large economies such as China, which fall under the category of developed countries, should not contribute to the fund, but should take responsibility for financing the fund because of their high polluters.
According to officials, not only poor countries but also middle-income countries, which are worst affected by climate change, can get help. Many experts have praised the decision.
And this is a positive outcome of the Climate Change Conference. Because this fund will be a lifeline for low-income families, said Anil Dasgupta, president of the World Resources Institute.
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