Will rich nations pay for the climate ‘loss and damage’ fund?
A historic fund to help vulnerable countries worst affected by climate change was adopted at the COP27 summit.
Wealthy nations have long refused to compensate poor countries struggling to cope with the effects of climate change, fearing legal liability.
But after more than three decades, diplomats from approximately 200 nations made a breakthrough at the COP27 summit and agreed to establish a “loss and damage” fund.
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