The Breakthrough Agreement on Loss & Damage Finance Facility at COP27
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The Breakthrough Agreement on Loss & Damage Finance Facility at COP27

The fundamental principle guiding international climate politics is that countries that grew wealthy by emitting greenhouse gasses have an obligation to reduce emissions more quickly than those that emit less. It’s particularly well-known that richer countries, usually in the global north, are historically the biggest contributors to global emissions. However, greenhouse gasses don’t limit themselves to national borders; the global climate is affected by emissions everywhere.

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