Channel 4 News
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COP27: Historic ‘loss and damage’ deal reached at climate talks
Posted
November 20, 2022
Views
71,558
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256
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November 20, 2022
71,558
256
482
1.03%
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8:55Now PlayingExhausted after two weeks of talks and 24 hours of last-ditch haggling, negotiators emerged as dawn broke in Sharm el Sheikh with a deal… of sorts.
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Developing nations hailed as historic, the establishment of a so-called "loss and damage" fund to compensate poorer countries hit by climate change.
But who pays and how much is still up in the air - China is unhappy at suggestions it should join developed nations in footing the bill.
And with gas now potentially classed a "low emission energy" and no fresh commitments to phase out fossil fuels, Britain's climate envoy warns the aim of limiting global warming to 1.5 degrees was on "life support".
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