Pakistan welcomes 'loss and damage' deal for climate change inked at COP27 summit
Pakistan, which was ravaged by unprecedented floods this year, on Sunday welcomed the historic decision of the COP27 summit to set up a fund to address loss and damage caused by climate-induced disasters. The COP27 climate summit in Egypt on Sunday created history by deciding to establish a fund to address loss and damage from climate change suffered by vulnerable countries. Pakistan Prime Minister Shehbaz Sharif welcomed the development as the “first pivotal step towards the goal of climate justice”.