Historic compensation fund approved at UN climate talks

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 92%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

The agreement struck is a victory for developing nations that have for decades fought for some form of compensation for the 'loss and damage' they're suffering due to floods, droughts, famine, heat waves and storms. Read full story:

SHARM EL-SHEIKH, Egypt: For the first time, the nations of the world decided to help pay for the damage that climate change has done to poor countries, but they finished marathon climate talks on Sunday with a deal does not further address the root cause of global warming — the burning of fossil fuels. The decision, which focuses on the impacts of climate change, establishes a fund for what negotiators call loss and damage.

That too was the subject of last minute debate, especially upsetting Europeans. And in his remarks to negotiators, Stiell called on the world 'to move away from fossil fuels, including coal oil and gas.' However, that fight was overshadowed by the historic compensation fund.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Despair, elation, confusion: Climate talks go to wireCOP27 host Egypt scrambled to salvage UN climate talks Saturday with crunch negotiations hanging on tussles over driving forward action to fight global warming in a world facing an onslaught of deadly weather extremes. | AFP
Source: inquirerdotnet - 🏆 3. / 86 Read more »