EU proposes middle path on climate damage fund to unblock COP27 talks ...Kuwait

Climate negotiators on Friday were mulling a late-night European Union proposal aimed at resolving a stubborn impasse over financing for countries hit by climate-fuelled disasters and pushing this year's U.N. climate summit in Egypt closer to a final deal. The EU proposal would be to set up a special fund for covering loss and damage in the most vulnerable countries - but funded from a "broad donor base". That suggests high-emitting emerging economies like China would have to contribute, rather than having the fund financed only by rich nations that have historically contributed the most to warming. "What we would propose is to establish a loss and damage response fun

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Last updated : 18 Nov 2022 clock 02:44 PM

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EU proposes middle path on climate damage fund to unblock COP27 talks ...Kuwait

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