Eamon Ryan (Dublin Bay South, Green Party) | Oireachtas source

No, it is not fair. The strength of the COP27 decision is that 198 countries agreed it, although not in real detail. A transition committee has been established that will work over the next year with UN bodies, including the UN Secretary General's office. In truth, Europe was the only voice in those COP talks that raised the issue of such funding mechanisms, but I believe it can and will garner support. I expect the transition committee will look at that as one of the options. In likelihood, it will take two years for it to be developed. However, that funding mechanism is now a possibility.