Establishment of ‘Loss & Damage Fund’ major win for Pakistan: FM

Establishment of ‘Loss & Damage Fund’ major win for Pakistan: FM

Foreign Minister Bilawal Bhutto Zardari says the establishment of the Loss and Damage Fund and financial arrangements to address the issue of climate justice is a major win for Pakistan and all of the developing world.

In a series of tweets on Sunday, he said, the monumental achievement for climate justice and G77 led by Pakistan, the COP27 has successfully concluded with loss and damage as part of the agenda including a fund and financial arrangements to address this issue.

The Foreign Minister recalled that the Group of 77, chaired by him at the UN, unanimously adopted Pakistan’s proposal to demand loss and damage be part of the COP27 agenda.

Bilawal Bhutto Zardari said his interactions with US Special Presidential Envoy for Climate John Kerry both in Egypt and over the phone in which he requested support for G77, and demanded the inclusion of financial arrangements to tackle loss and damage which led to a compromise.

He paid special gratitude to all members of G-77 and China for their continued support and trust in Pakistan’s leadership.

Source: Radio Pakistan