Negotiators spent frantic days discussing how to formalize and consider the issue of loss and damage, or compensation, to vulnerable nations suffering from climate change, an issue that has weighed on negotiations for years.
For Bangladesh, climate finance was one of the key topics at the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27).
“This year’s climate conference decided that climate-affected countries like Bangladesh should be compensated by developed countries. Developed countries must finance the USD 100 billion per year they previously promised to provide to countries most affected by climate change. did. “