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India welcomes climate loss & damage fund agreed at COP27

Indian Minister for Environment, Forest and Climate Change Bhupender Yadav called COP27 a "historic COP" adding that "the world has waited far too long for the 'loss and damage fund' agreement."

The minister was speaking at the closing plenary of the United Nations Climate Change Conference (COP27) held today at Sharm El-Sheikh.

"You are presiding over a historic COP where agreement has been secured for loss and damage funding arrangement including setting up a loss and damage fund. The world has waited far too long for this. We congratulate you on your untiring efforts to evolve consensus."

"We also welcome the transition to Sustainable Lifestyle and sustainable patterns of consumption and production in our efforts to address climate change in the cover address," Bhupender Yadav said in his remarks at the closing session of the COP27.

Yadav noted that India has kept mitigation in agriculture out of its NDCs. He announced that India is creating a work programme on just transition.

In his remarks at the closing session of the COP27, Bhupender Yadav said, "Developing countries need independence in their choice of the energy mix and in achieving the SDGs. Developed countries taking the lead in climate action is, therefore, a very important aspect of the global just transition."

(ANI)

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