Page 65 - Peter Dejong News Today

ISLAMABAD (AP) — A breakthrough funding deal at the COP27 conference to help poor countries ravaged by climate change was welcomed Sunday by Pakistan, a nation devastated this year by record-breaking monsoon rains.

Delegates reached a last-minute deal to pay vulnerable countries for damages caused by climate change. But the final agreement does not put humanity on track to avoid catastrophic warming.

American and European companies are racing to develop new batteries for electric vehicles using two readily available and less costly materials: sodium and sulfur. The new batteries could help bring more electric vehicles, or EVs, to the market and reduce China’s lead in battery production.

The decision establishes a fund for what negotiators call loss and damage.

The decision establishes a fund for what negotiators call loss and damage.

The decision establishes a fund for what negotiators call loss and damage.

Privately, many delegates have suggested that the talks are in danger of collapse. 

Negotiators say they have struck a deal in U.N. climate talks in Egypt: the creation of a fund for compensating poor nations hit by extreme weather.

Agreement aiming to have developed economies finance damage caused to poor nations as a result of climate change still needs to be approved in unanimous vote

Negotiators say they have struck a potential breakthrough deal on the thorniest issue of United Nations climate talks: creation of a fund for compensating poor nations that are victims of extreme weather worsened by rich nations' carbon pollution.