Organizing COP 27

Share with Your Friends

Organizing COP 27

Recently COP 27 is being organized in Sharm el-Sheikh, Egypt. The representatives involved have agreed to discuss climate-related compensation.

Also, for the first time in the COP27 climate summit, climate compensation has been included on the agenda.

  • The move reflects a renewed sense of solidarity towards the victims of climate-related disasters.
  • Climate Compensation: It is the money provided by developed countries as compensation to vulnerable and low-income countries against global warming.
  • These compensated countries also contribute little to global warming.
  • Conference of the Parties (COP): It is the apex decision-making body of the United Nations Climate Change Framework Convention (UNFCCC).
  • Last year, high-income countries blocked a proposal for a loss and damage funding body in COP-
  • However, it favored holding of negotiations for three years to discuss the financing of loss and damage during this period.
  • It may be noted that COP-26 was organized in Glasgow.
  • Loss and damage discussions no longer on the agenda in COP-27 will include liability or obligation to compensate.
  • However, it intends to reach a final decision ‘by the year 2024’.
  • This also becomes of utmost importance in view of the increasing extreme climatic events. This is because these events cause widespread economic and non-economic losses.
  • Earlier, the Warsaw International Mechanism for Loss and Damage during COP-19 was established.


Determine the extent of the contribution of climate change to a natural disaster; and

Compensation amount for disasters likely to rise to billions.

United Nations Framework Convention on Climate Change (UNFCCC):

  • The UNFCCC sets out the basic legal framework and principles for international climate change. It is the parent treaty of the Kyoto Protocol (1997) and the Paris Agreement (2015).
  • It was adopted in the year Its secretariat is in the city of Bonn, Germany. Almost all countries (198 countries including India) are its members.

Major COP Conferences-

  • The Warsaw International Mechanism (WIM) was established at COP
  • COP21 covers loss and damage in Article 8 of the Paris Agreement.
  • Fiji Clearing House was launched at COP
  • WIM was reviewed at COP25 and the Santiago Network was established to provide technical support.
  • At COP26 the Santiago network methodology was agreed and the Glasgow Dialogue was established.
  • The institutional arrangement for the Santiago network was finalized under COP

Source – The Hindu

Download Our App

More Current Affairs

Click to Join Our Current Affairs WhatsApp Group

Join Our Whatsapp Group For Daily, Weekly, Monthly Current Affairs Compilation & Daily Mains Answer Writing Test & Current Affairs MCQ

In Our Current Affairs WhatsApp Group you will get daily Mains Answer Writing Question PDF and Word File, Daily Current Affairs PDF and So Much More in Free So Join Now

Register For Latest Notification

Register Yourself For Latest Current Affairs

December 2022
« Nov    

Mains Answer Writing Practice

Recent Current Affairs (English)

Current Affairs (हिन्दी)

Subscribe Our Youtube Channel

Register now

Get Free Counselling Session with mentor

Download App

Get Youth Pathshala App For Free

Open chat
Youth Destination IAS . PCS
To get access
- NCERT Classes
- Current Affairs Magazine
- IAS Booklet
- Complete syllabus analysis
- Demo classes