Climate fund breakthrough offers ‘hope’ at UN COP27 talks
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With Pakistan and the European Union signaling advancements on the contentious issue of “loss and damage” financing for nations vulnerable to climate change, COP27 host Egypt hurried to salvage UN climate discussions on Saturday.
Delegates from nearly 200 countries have congregated for two weeks at the COP27 in Egypt with the objective of enhancing climate action as the globe confronts a growing number of extreme weather events.
However, disagreements surfaced regarding elevating commitments to address global warming, as well as the stipulations under which affluent polluters furnish “loss and damage” financing for nations affected by natur...