COP27: Countries agree “loss and damage” fund to help poorer countries hit by climate disasters

Countries at the 27th United Nations climate change conference (COP27) have agreed to create a fund to help poorer countries respond to loss and damage related to the climate crisis.1The agreement came as the conference, which ran from 6 to 18 November, closed. A transitional committee is now expected to meet before the end of March 2023 to make recommendations on how the fund will work, which will be put to countries at the COP28 climate summit in November 2023.UN climate change executive secretary Simon Stiell said, “This outcome moves us forward. We have determined a way forward on a decades long conversation on funding for loss and damage—deliberating over how we tackle the impacts on communities whose lives and livelihoods have been ruined by the worst impacts of climate change.”The agreement came after a UN climate change report warned that even if current government pledges are implemented, the world…
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