COP26: Sparks fly over loss and damage from climate change and carbon offset markets
- November 22, 2021
- Posted by: Njango Njung'e
- Category: Climate Change
Sparks flew at the Glasgow talks today over how to pay for the loss and damage that climate change inflicts on developing nations and on how high polluting countries could pay other countries to offset their emissions.
…Mohammed Adow, director of Power Shift Africa, said the very reason vulnerable countries call for such a funding mechanism is: “We failed to mitigate enough.
“We failed to provide meaningful support to the vulnerable countries to adapt. And now we are in a world where the residual effects of climate change will mean some of those will exceed our adaptation limits,” said Mr Adow.