Cop27: EU agrees to loss and damage fund to help poor countries amid climate disasters
by Fiona Harvey, Adam Morton and Patrick Greenfield i from World news | The Guardian on (#65Z42)
Change in stance puts spotlight on US and China, which have both objected to fund
A breakthrough looked possible in the deadlocked global climate talks on Friday as the European Union made a dramatic intervention to agree to key developing world demands on financial help for poor countries.
In the early hours of Friday at the Cop27 UN climate summit in Egypt, the European Commission vice-president, Frans Timmermans, launched a proposal on behalf of the EU that would see it agree to establishing a loss and damage fund.
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