20 November 2022
“I am pleased that COP27 has opened a new chapter on financing loss and damage, and laid the foundations for a new method for solidarity between those in need and those in a position to help. We are rebuilding trust. This is crucial moving forward because there can be no lasting action against climate change without climate justice. The European Union is already the world’s leading contributor of international climate finance, and I am satisfied that we confirmed our commitment to support the most vulnerable on our planet through a first contribution on loss and damage.” -Ursula von der Leyen, President of the European Commission
Click here to read the full statement.