World Reaches Historic ‘Loss and Damage’ Deal at Egypt’s COP27 ...Egypt

(REUTERS/Mohamed Abd El Ghany) After days of intensive negotiations, the United Nations Climate Change Conference COP27 concluded Sunday, November 20, with a historic agreement to provide “loss and damage” funding by industralised nations for developing countries most affected by climate disasters. The agreement establishes a fund for loss and damage, which refers to the most severe impacts of extreme weather on the physical and social infrastructure of developing countries. According to the United Nations Development Program (UNDP), developing countries suffer 99% of the casualties attributable to climate change. Due to poor infrastructure, it takes longer for low-income countries to rebuil

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