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Establishing Loss and Damage Fund is a Historical Step: PM

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Prime Minister Shehbaz Sharif says establishing a loss and damage fund at the UN climate summit is the first pivotal step towards the goal of climate justice. He said it is up to the transitional committee to build on the historical development.

The Prime Minister appreciated Minister for Climate Change Sherry Rehman and her team for their contribution and hard work. According to the Prime Minister’s Office, establishing the Damage and Loss Fund is a practical step towards climate justice.

Prime Minister Shehbaz Sharif, Foreign Minister Bilawal Bhutto Zardari and Minister for Climate Change Sherry Rehman raised their voice for climate justice at the regional and global levels.

Damage and Loss Fund will assist countries suffering from floods and other climatic damages. It will also help flood victims in Pakistan in the rehabilitation and reconstruction process.

Earlier, Prime Minister Shehbaz Sharif attended the COP27 on the special invitation of the conference and the President of Egypt. The Prime Minister co-chaired the round table conference on Climate Change on “Damage and Loss”. He addressed the conference regarding the damages of climate change and shed light on how to address the issue.
This fund will be a milestone in addressing the threats posed by climate change.

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