By Kalinga Seneviratne
SYDNEY (IDN) — Welcome to our 15th issue of Sustainable Development Observer, focusing almost exclusively on COP 27—or what is known as the annual UN climatic change conference.
Three decades after small island states introduced the term "loss and damage" to the United Nations, the world has finally agreed to set up a fund to help vulnerable countries cope with climate risks. But who pays, who receives and how much money should be raised are all open questions to be settled in the next year or so (at COP28?). At this year’s talkfest, rich nations insisted that the payments should not be seen as an admission of liability.