COP27 Strikes Deal on Loss-and-Damage Fund for Vulnerable Countries, Officials Say

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SHARM EL SHEIKH, Egypt—Negotiators at United Nations climate talks struck a deal Saturday to set up a fund that .css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;} would pay for climate-related damage in vulnerable countries , officials said, handing a victory to poorer nations that have pushed for the move for years, and removing a major sticking point in broader negotiations to limit global warming.

The fund would earmark money for what is known as loss and damage , when rising seas, more powerful storms and other effects that scientists link to climate change cause destruction that is sudden or potentially irreparable.

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Listen to article. (2 minutes) SHARM EL SHEIKH, Egypt—Negotiators at United Nations climate talks struck a deal Saturday to set up a fund that .css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;} would pay for climate-related damage in vulnerable countries , officials said, handing a victory to poorer nations that have pushed for the move for years, and removing a major sticking point in broader negotiations to limit global warming. The fund would earmark money for what is known as loss and damage , when rising seas, more powerful storms and other effects that scientists link to climate change cause destruction that is sudden or potentially irreparable. Continue reading your article with a WSJ membership. Already a member? .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;} Sign In. adidas : Black Friday Early Access - Up to 70% Off. Nike : 60% off running shoes and apparel at Nike. American Eagle Outfitters : Get 15% off AE promo code with text alerts. Wayfair : Wayfair promo code for Black Friday: 25% off $150. Kohl's : Kohl's coupon - 30% off sitewide for Rewards members. Walmart : Walmart coupon: $20 off your $50+ order.