Sharm el Sheikh, Egypt: The UN's COP27 climate summit approved on Sunday the creation of a special fund to cover the losses suffered by vulnerable nations hit by the impact of global warming.

Delegates applauded after the "loss and damage" fund was approved by consensus following two weeks of contentious negotiations over demands by developing nations for rich polluters to compensate them for the destruction from weather extremes.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details