Climate summit agrees to ‘historic’ loss-and-damage fund — but misses warming goals

The 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27) concluded Sunday (Nov. 20) with a last-minute agreement on “loss and damage” funding for developing nations suffering climate impacts. Critics argue that the annual meeting made little progress on goals to limit warming, however.

More than 35,000 delegates from around the world, including U.S. President Joe Biden, gathered for the conference at Sharm el-Sheikh, Egypt, which was originally set to run from Nov. 6 to Nov. 18. However, negotiations lasted until Nov. 20, as delegates hammered out the agreement on paying for loss and damage caused by climate change. 

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