Updated: Nov 20 2022 10:30PM

New Delhi, Nov 20 (PTI) The UN climate summit in Egypt concluded on Sunday with a landmark decision to establish a fund to address loss and damage, but the outcome on other crucial issues such as India’s call for phasedown of all fossil fuels reflected little progress.

The climate talks this year were held in the shadow of the Russian aggression in Ukraine and the related energy crisis which has strained the capabilities of countries to urgently tackle climate change. The deal, even if not very convincing, will only reinforce the global resolve to fight climate change.

India termed COP27 “historic” for securing an agreement on establishing a fund to address loss and damage due to climate change-induced disasters, saying “the world has waited far too long for this”.

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