Maldives minister: COP27 negotiators have reached a deal on a climate fund


Source: cnbc.com cnbc.com

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Around 35,000 delegates from nearly 200 countries are expected to convene in the Red Sea resort town of Sharm el-Sheikh to discuss collective action to tackle the climate emergency. Negotiators say they have struck a potential breakthrough deal on the thorniest issue of United Nations climate talks, creation of a fund for compensating poor nations that are victims of extreme weather worsened by rich nations' carbon pollution. "There is an agreement on loss and damage," which is what negotiators call the concept, Maldives Environment Minister Aminath Shauna told The Associated Press Saturday. It still needs to be approved unanimously in...