A sign reading “fossil fuels out” is displayed during a demonstration at COP27 on November 12 in Sharm el-Sheikh, Egypt. Simon Stiell, UN climate chief, acknowledges nations didn’t do anything additional to address climate change itself at the meeting. Photo: AP
A sign reading “fossil fuels out” is displayed during a demonstration at COP27 on November 12 in Sharm el-Sheikh, Egypt. Simon Stiell, UN climate chief, acknowledges nations didn’t do anything additional to address climate change itself at the meeting. Photo: AP
Ken Chu
Opinion

Opinion

Ken Chu

COP27 loss and damage deal: throwing money at climate change is not enough

  • From loss and damage to carbon trading, money can be an incentive for climate action, and Hong Kong can play a major part as a centre of climate finance
  • But this is not enough. Polluters must agree to cut emissions, and technology must be harnessed to boost the climate fight

A sign reading “fossil fuels out” is displayed during a demonstration at COP27 on November 12 in Sharm el-Sheikh, Egypt. Simon Stiell, UN climate chief, acknowledges nations didn’t do anything additional to address climate change itself at the meeting. Photo: AP
A sign reading “fossil fuels out” is displayed during a demonstration at COP27 on November 12 in Sharm el-Sheikh, Egypt. Simon Stiell, UN climate chief, acknowledges nations didn’t do anything additional to address climate change itself at the meeting. Photo: AP
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