COP27: Loss and Damage proposal mooted by developed nations ...Kuwait

A coalition of developed nations including the United States and the United Kingdom has issued a draft proposal on loss and damage funding, a source familiar with the matter told Reuters on Thursday. The proposal would set up "new and enhanced funding arrangements for assisting developing countries that are particularly vulnerable to the adverse effects of climate change in responding to loss and damage," according to a draft seen by Reuters. It would also create "an expert group" to tackle key questions about where the funding should come from and how the funding mechanism should be run. A second source confirmed that the draft was the current proposal under consid

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