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Countries were considering a draft for a final COP27 climate deal yesterday, with some negotiators saying they were close to a breakthrough in contentious efforts to compensate poor nations already burdened by costly climate impacts.
The UN climate agency released a new draft of the so-called cover decision on Saturday, but it was not immediately clear if all 197 governments at this year's summit would back it
Negotiators at the COP27 climate summit in Egypt neared a breakthrough deal on Saturday for a fund to help poor countries being ravaged by the impacts of global warming, but remained locked over how…
Days of tense bargaining between wealthy and developing nations yielded a proposal to set up a fund to benefit countries coping with irreparable damage from severe storms, floods, droughts and wildfires.
The agreement reached at the COP27 climate summit removes a major sticking point in broader talks to address global warming.