climate reparations

Developing nations were justifiably jubilant at the close of COP27 as negotiators from wealthy countries around the world agreed for the first time to establish a dedicated “loss and damage” fund for vulnerable countries harmed by climate change. It was an important and hard fought acknowledgment of the damage – and of who bears at least some responsibility for the cost. But the fund might not materialize in the way that developing countries hope. I study global environmental policy and have been following climate negotiations from their inception at the 1992 Rio Earth Summit. Here’s what’s in the agreement reached at COP27, the United Nations climate talks in Egypt in November 2022, and why it holds much promise but very few commitments. 3 key questions All decisions at these U.N. climate conferences – always – are promissory notes. And the legacy of climate negotiations is one of promises not kept. This promise, welcome as it is,...