An agreement to compensate nations losing out from climate change made at COP27 was welcomed, but expect fireworks at the next summit, COP28, when countries have to agree who pays for it
Environment
14 December 2022
COP27 protesters in Sharm El Sheikh, Egypt, on 18 November Peter Dejong/AP/Shutterstock
The COP27 climate summit closed in November with many people celebrating a historic agreement to create a dedicated fund to help vulnerable countries cope with the financial losses of climate change.
The loss and damage fund marked a major win for the conference, which was otherwise marred by poor organisation and scant progress in cutting greenhouse gas emissions.
But agreeing to a fund is just the start. Next year, negotiators will gather at COP28 in Dubai to discuss the specifics of …