Rich nations relent on climate aid to poor at Cop27
by Fiona Harvey in Sharm el-Sheikh and Nina Lakhani from Environment | The Guardian on (#660VX)
Developed countries agree to loss and damage' fund for vulnerable nations, but delay approving wider deal
The world's poorest countries have scored a historic victory at the Cop27 climate summit, after countries agreed to set up a fund to help poor countries being battered by climate disasters, but delayed approving a wider deal outlining global resolve to fight climate change.
After tense negotiations that ran through the night, the Egyptian Cop27 presidency early on Sunday released a draft text for an overall agreement - and simultaneously called a plenary session to gavel it through as the final, overarching agreement for the UN summit.
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