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Abstract
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Today, developed and developing countries, each based on their economic, political,
and geographical background, have a different interpretation of the causes and
consequences of climate change, so that each of them, based on different but believable
and convincing statistics and principles, accuse each other of causing climate
change and being responsible for its consequences. One of the most recent initiatives
to reconcile the contradictory interpretations of the parties was to establish the loss
and damage Fund in COP27 and its operationalization in COP28. Can the operationalization
of the Fund be a decisive resolution in the field of contradictory interpretations
between the parties regarding the responsibility caused by climate change?
The recent study shows that due to different political and economic backgrounds,
each party has contradictory interpretations regarding the causes and consequences
of climate change based on different legal principles and scientific data. Although
the mere establishment of the Fund is a positive step to reconcile these contradictory
perceptions, the conflicting interpretations, especially regarding the finance recipients
and contributors, indicate that the tragic story of the responsibility for climate
change still has an open and ambiguous ending.
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