UN's COP27 climate summit adopts 'loss and damage' fund following demands by developing nations for rich polluters to compensate them for destruction from weather extremes
Nakeeyat Dramani Sam holds up a placard at an informal stocktaking session during the COP27 climate summit, in Sharm el-Sheikh, Egypt.
After tense negotiations that ran through the night, the Egyptian COP27 presidency released a text of the draft agreement - and simultaneously called a plenary session to gavel it through as a final, overarching agreement. Negotiators earlier had expressed worry about changes being negotiated and written so late in the process. "This is how a 30-year-old journey of ours has finally, we hope, found fruition today," said Pakistan Climate Minister Sherry Rehman, who often took the lead for the world's poorest nations.
It's a reflection of what can be done when the poorest nations remain unified, said Alex Scott, a climate diplomacy expert at the think tank E3G.
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