POLICY

COP27 agrees on new "loss and damage" fund for vulnerable countries

THE UN Climate Change Conference (UNFCCC) COP27 closed on Sunday with what it called a breakthrough agreement to provide "loss and damage" funding for vulnerable countries hit hard by climate disasters.

Tim Daiss
COP27 agrees on new "loss and damage" fund for vulnerable countries

"This outcome moves us forward," said Simon Stiell, UNFCC Executive Secretary. "We have determined a way forward on a decades-long conversation on funding for loss and damage - deliberating over how we...

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