Environmentalists, pressure groups and other stakeholders are applauding the decision to provide loss and damage funding for vulnerable countries hard hit by climate disasters. 
Loss and damage funding to poorer countries is just one of the key outcomes from the deliberations at the UN Climate Change Conference or COP27 at Egypt's Sharm el-Sheik.

Though the work programs of the Fund are still under discussion, the contentious issue of loss and damage funding to poorer countries could no longer be ignored.

President Hage Geingob has returned home from the COP27 global climate summit in Egypt, where he joined other world leaders to discuss how countries around the world should accelerate their efforts in combating climate change and bring it under control.

He says he is happy with Namibia's participation, describing it as a success with a number of agreements signed.

Apart from talks that have yet to produce results, President Geingob stated that no financial commitments have been made to developing countries in their fight against climate change.

President Hage Geingob says it is regrettable that only US$23 billion has been committed to the Green Climate Fund thus far, as developing countries continue to battle the effects of climate change.

Dr Geingob put forward Namibia’s position in the national statement submitted to the COP27 meeting underway in Sharm el-Sheikh, Egypt.

Namibia, President Geingob says, encourages developed countries to support developing countries by capitalizing on the Green Climate Fund. 

World leaders, including President Hage Geingob, are attending the 2022 United Nations Climate Change Conference, commonly referred to as the Conference of the Parties or COP27, are pressing for urgent implementation of previously agreed plans.

This includes the 2015 Paris Agreement and commitments made at the Glasgow Summit, which was held last year.

President Hage Geingob left for Egypt on Sunday to attend the 27th Conference of the Parties (COP27). The conference, which will take place in Sharm el-Sheikh from the 6th to the 18th of November, will push leaders to commit to achieving a zero-carbon future for all.

This year's conference will bring together leaders in governments, civil society, industries, and finance from around the world to raise ambition and accelerate action to achieve the goals of the Paris Agreement and the UN Framework Convention on Climate Change.

A total of N$1.2 million was raised for the COP27 conference of the United Nations Framework Convention on Climate Change.

The conference will take place in Sharm El-Sheikh, Egypt, from November 6–18.

The funds, sponsored mostly by private and public-private entities, will go towards the set-up of the Namibian pavilion that will be displayed at the conference.

There will be different discussions on climate change and how Namibia is tackling the problem.