Countries celebrate first-ever fund for climate damages as COP27 deal published
Many questions about the hard-won fund remain, including who pays in, who is eligible for the money and who administers it.
But the United Nations summit has brought what was a taboo issue into the mainstream, with even the US, a longtime blocker, accepting the need for such a pot of money.made it on to the official agendaDisasters such as extreme flooding, drought and sea level rise have been supercharged by a hotter climate, driven primarily by pollution from developing countries. The group of 20 major economies is responsible for 75% of global emissions.
In spite of the outstanding details"the principle is in place and that is a significant mindset shift", she added.
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