Headline:

The debate on how the financial burdens imposed by the adverse impacts of climate change should be shared took center-stage at COP27. The Global Climate Fund could play an important role in efforts to address the emerging issue of loss and damages.

Everyone agrees that overcoming the climate crisis hinges on countries working together. Yet international cooperation repeatedly fails. The war in Ukraine has made us painfully aware of just how fragile our international system is. And the COP negotiations taking place in Egypt in November are a source of concern for many.