Skip to main content

FM Bilawal Bhutto hails COP27 ‘Loss and Damage’ fund

FM Bilawal Bhutto, COP27, Loss and Damage fund

ISLAMABAD: Foreign Minister (FM) Bilawal Bhutto Zardari has hailed the creation of ‘Loss and damage’ fund at last month’s UN Climate Change Conference (COP27) as a “significant achievement”.

In an interview with Arab media, the foreign minister said the creation of “Loss and Damage” fund under Pakistan’s chairmanship at COP27, to support the climate disasters hit countries, was a significant achievement.

Referring to the establishment of the fund, Bilawal Bhutto said that it was something that climate activists had been struggling for the last 30 years and he was proud that it was achieved under Pakistan’s chair of the G77.

The foreign minister said that he felt that they had managed to achieve some common ground through the language incorporated in loss and damage.

Obviously, the foreign minister said there were different perspectives as the developing world felt that their carbon footprint was smaller, they had not contributed as much as the developed world to this crisis.

“The agenda, or the aspiration of the G77, is exactly that. We represent the aspirations of the developing world,” the foreign minister said.

Bilawal Bhutto further said the ‘Loss and Damage’ fund was a demonstration of developing nations wielding collective strength when they had a common cause, adding “I think we were very successful in creating that consensus.”

Read More: Countries adopt COP27 deal with ‘loss and damage’ fund

The foreign minister said time and time again, the G77 had come together to take unanimous decisions, consensus decisions. Every meeting that he chaired had an outcome document.

“I tend to believe that there’s far more that unites us than divides us. And we should seek common ground, areas in which we can work together, rather than find areas where we disagree,” the foreign minister opined.

“We need to look at this, not just as the developed world needing to give compensation or reparations to the developing world, but as a more practical approach, a more realistic approach, that we have to work together,” he added.

Read More: Bilawal lauds inclusion of climate crisis cost and damage in COP27 agenda

Foreign Minister Bilawal further stressed that the global south and the global north have to work together. The developing world and the developed world have to work together.

“Climate justice, climate catastrophe, knows no boundaries, does not care whether you’re rich or poor, whether you contributed to climate change much or you didn’t,” the foreign minister added.

“Wherever we look we see climate catastrophes catching up to us and we have to work together to address this issue,” he added.



from Latest Pakistan News Breaking News from All over Pakistan - ARY News https://ift.tt/tOGgvda
Labels:

Comments

Post a Comment

Popular posts from this blog

Elevate Your Style with a Men's Leather Jacket with Fur Collar

When it comes to timeless fashion, the allure of an original leather jacket is undeniable. These iconic pieces have transcended generations, exuding rugged sophistication and individuality. However, if you're seeking to take your style to the next level, consider a distinctive choice: the Men's leather jacket with fur collar . The Appeal of Original Leather Jackets Original leather jackets have long been celebrated for their durability, versatility, and timeless appeal. These jackets are something beyond clothing; they are an assertion of style, an encapsulation of disobedience, and an image of exemplary cool. Whether you're riding a motorcycle, strolling through the city, or attending a casual gathering, an original leather jacket elevates your look. The Allure of a Fur Collar What sets the Men's leather jacket with fur collar apart is its exquisite detailing.The option of a fur collar not just gives an additional layer of warmth during colder months yet in addition
Post a Comment
Read more

Shahid Khaqan Abbasi criticises Imran Khan

Former premier and Pakistan Muslim League Nawaz (PML-N) central leader Shahid Khaqan Abbasi criticised the PTI chief and said that the country’s situation would be worse if Imran Khan stays in power today, ARY News reported on Friday. Shahid Khaqan Abbasi said in a statement that the citizens of Pakistan are aware of the prevailing situation in the country. He added with each passing day, those politicians are exposed who brought instability to the country. The former premier alleged that the PTI chairman Imran Khan was bought to power by rigging the general elections. He added that those who brought Khan also admit their mistake, adding that if Imran Khan was in power today, the situation would be worse. Shahid Khaqan Abbasi said that the PML-N handed over Pakistan to the caretaker government in a developed status back in 2018. He added, “After staying in power for 3.5 years, Imran Khan should tell the nation about at least one achievement of his government.” He said that the PML
Post a Comment
Read more

NEPRA releases report on January 23 power breakdown

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has released an inquiry report on a major power breakdown in the country that took place earlier this year, ARY News reported. On January 23, several parts of the country including Islamabad, Karachi, Lahore and Quetta had plunged into darkness as a high-tension electricity supply line between Quetta and Guddu caused a major power breakdown. As per the report, NTDC, Jinco Two Port Qasim Electric Power Company have been held responsible for the countrywide blackout. The Inquiry committee while highlighting the flaws in the power system said electricity generation was increased from wind power plants in the South, while in the North, hydel power generation was decreased. Read more: NEPRA forms probe committee on countrywide power breakdown The power system got affected due to the over supply of electricity in transmission lines, as a result, three plants of K-2 were tripped and 1,940mw electricity disappeared from
Post a Comment
Read more