For the first time in the history of the UN’s climate negotiations, loss and damage funding became part of the official agenda for the COP27 that is being held at Sharm-El-Sheikh in Egypt. Other key additions to the agenda include “matters related to the least developed countries” and “long-term finance”.

• Loss and damage finance is a proposed mechanism that provides financial aid to areas and communities that are already severely affected by the climate change.
• This mechanism has been demanded for a long time by developing and vulnerable communities, including India.