U.N. Climate Talks End With a Deal to Pay Poor Nations for Damage
https://www.nytimes.com/2022/11/20/climate/un-climate-cop27-loss-damage.html
Excerpt: Diplomats from nearly 200 countries concluded two weeks of climate talks on Sunday by agreeing to establish a fund that would help poor, vulnerable countries cope with climate disasters made worse by the greenhouse gases from wealthy nations. ...For more than three decades, developing nations have pressed rich, industrialized countries to provide compensation for the costs of destructive storms, heat waves and droughts linked to rising temperatures. ...While the new climate agreement dealt with the damages from global warming, it did far less to address the greenhouse gas emissions that are the root cause of the crisis.... See also The New York Times articles Inside the Saudi Strategy to Keep the World Hooked on Oil and In a First, Rich Countries Agree to Pay for Climate Damages in Poor Nations as well as The Guardian articles Pacific leaders celebrate Cop27 victory on loss and damage fund after decades of advocacy and Cop27 agrees historic ‘loss and damage’ fund for climate impact in developing countries.