Developing countries under the Group of 77 and China have proposed ‘elements or components’ for what they expect for a decision on the review of the Warsaw International Mechanism for Loss and Damage associated with Climate Change Impacts (known as the WIM) at the Madrid climate
At the final plenary session convened on Dec 2, countries through their various groupings conveyed their expectations for the outcomes of the climate talks held under the UNFCCC, in Madrid, Spain.
Kathmandu: The COP 25 decisions on climate finance matters saw intense wrangling between developed and developing countries until the final hours of the closing plenary that ended on Sunday, 15 Dec, two days later than its original schedule.
A significant outcome of COP 25 were decisions on the 2019 review of the Warsaw International Mechanism on Loss and Damage (WIM), which were finally adopted on Dec 15, through intense and difficult negotiations, since the start of the talks in Madrid on Dec 2.
Developing countries at the closing plenary of COP 25 said that the call for raised ambition in emissions reductions must be matched by ambition on the provision of the means of implementation, especially on finance from developed countries.