Climate Change Loss and Damage to Be Paid by Historical Polluters – But Not All of the Biggest Polluters

COP27, UN

A historic agreement was reached at the United Nations Climate Change Summit, COP27, with developed countries pledging to establish a funding facility that will help developing countries deal with the impact of global warming. During the negotiations, developing countries relied on the influence of China, which will not, for the time being at least, fund the facility.