COP27: Financing for climate ?damages gets a foot in the door ...Qatar

UN climate negotiations yesterday offered a sliver of hope and “solidarity” for developing countries battered by increasingly costly impacts of global warming, in agreeing to discuss the thorny issue of money for “loss and damage”. Countries least responsible for planet-heating emissions — but hardest hit by an onslaught of weather extremes — have been ramping up the pressure on wealthy polluting nations to provide financial help for accelerating damages. But in a sign of how contentious the issue is among richer nations fearful of open-ended climate liability, the issue was only added to the formal agenda to the UN’s COP27 climate summit in the Egyptian resort town of Sharm el-Sheikh after

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Last updated : 07 Nov 2022 clock 01:24 AM

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COP27: Financing for climate ?damages gets a foot in the door ...Qatar

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