The countries most affected by natural disasters will be compensated, by those who pollute the most, through a compensation fund.

From the 27th United Nations Climate Change Conference (COP27), there were two conclusions. One was the creation of a compensation fund for the damage suffered by the countries most vulnerable to its effects.

"Overall, the first agreement endorsed a final declaration on emission reductions, from which emerges the urgent need for immediate, deep, rapid, and sustained reductions in global greenhouse gas emissions responsible for climate change," DECO said.

The second agreement to come out of this COP27 was the resolution on compensations. In this sense, it was decided to establish new agreements to create funds to support developing countries to deal with the damage caused by climate change.

What is Climate Justice?

Environmental Climate Justice can be defined as a mechanism that aims to eliminate or prevent certain socially and economically more vulnerable groups from bearing a heavy share of the most negative environmental consequences caused by climate change.

DECO has been keeping a close eye on new developments in this area. DECO believes it is essential to promote national measures to protect consumers who are most vulnerable to the effects of climate change and demands that the State forces insurers, on a mandatory and automatic basis, to cover these risks.

DECO hopes that the Government will also recognise the fragile situation in which many consumers (and their properties) find themselves in the face of extreme weather conditions, which are causing fires in the summer and flooding in winter.

Author

Paula Martins is a fully qualified journalist, who finds writing a means of self-expression. She studied Journalism and Communication at University of Coimbra and recently Law in the Algarve. Press card: 8252

Paula Martins