EU tries to break COP27 deadlock with offer on loss and damage fund
With a new proposed loss and damage fund, the EU hopes to win climate pledges. Rich countries relish making lofty promises but most often fail to act, says Bolivia, thus urging real fulfillment in support of developing countries efforts to phase out fossil fuels.
By Bloomberg News
Climate talks in Sharm el-Sheikh edged forward after the European Union offered a plan to break deadlocked climate negotiations in Egypt, proposing a loss and damage finance facility for the most vulnerable countries in exchange for a pledge to phase down oil, gas and coal.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Lula proposes UN climate summit in the Amazon in 2025
For subscribers
.jpg&w=384&q=75){kind=logo}
