Negotiators at COP27 strike potential breakthrough deal on climate fund


Source: theglobeandmail.com theglobeandmail.com

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A general view of the entrance to the Sharm El-Sheikh International Convention Centre grounds, during the COP27 climate summit, in Sharm el-Sheikh, Egypt, Nov. 19, 2022.MOHAMED ABD EL GHANY/Reuters 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...