Small but symbolic moves at summit where finance is critical include new loss and damage money and debt relief

A series of symbolic moves on climate finance at Cop27 suggests positive momentum could be starting to build on a pivotal issue at the UN summit in Egypt.

The UK said it would allow some debt payment deferrals for countries hit by climate disasters, while Austria and New Zealand put forward funding for loss and damage, which is the cost of rebuilding in poorer nations after unavoidable climate impacts.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Now we know: Keir Starmer won’t generate a surge of support

He can’t be written off yet. But this was not the speech…

China helps evacuate sick Australian from Antarctica in five-day mission

Ships, helicopters and planes traverse thousands of kilometres of icy continent in…

Apple and Google’s mobile browser ‘stranglehold’ may face UK investigation

Companies’ dominance holds back Britain’s tech sector and restricts customer choice, says…

1883

Faith Hill, Tim McGraw, 1883 show