"A newly agreed “loss and damage” fund in which developed countries would pay for climate damages suffered by vulnerable developing counterparts lacks both details and actual funding, raising question about whether it’s merely a symbolic breakthrough.
Developing nations responsible for the smallest amounts of climate pollution for years have called for such a fund, which has been resisted by the United States and other wealthy countries.
That changed over the weekend when nearly 200 countries agreed to launch a new fund at the United Nations climate change conference (COP27) in Sharm el-Sheikh, Egypt."
Rachel Frazin and Sharon Udasin report for The Hill November 22, 2022.
Source: The Hill, 11/23/2022
