The United Nations Climate Change Conference adopted on Sunday a resolution providing for the creation of a fund to finance the climate damage already suffered by the countries most vulnerable to the effects of global warming.
The decision, described as historic, was adopted by consensus at the plenary assembly that ended the climate conference in Egypt and was greeted by resounding applause from all the representatives in the stalls.
As reflected in the text, the countries established a consensus on the «immediate need» to provide «new, additional, predictable and adequate» financial resources to help developing countries that are in a vulnerable position with respect to the «economic and non-economic» impacts of climate change.
In this regard, reference is made to forced displacement and the effects on cultural heritage, mobility and livelihoods, as well as the livelihoods of communities, and they stress the importance of an «effective and adequate» response to loss and damage.
