WSJ News Exclusive | COP27 Agrees On Loss and Damage Fund for Vulnerable Countries, Officials Say

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WSJ News Exclusive | COP27 Agrees On Loss and Damage Fund for Vulnerable Countries, Officials Say
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More than 190 countries agreed to set up a fund that would pay for climate-related damage in vulnerable nations, removing a major hurdle in U.N. climate talks

SHARM EL SHEIKH, Egypt — Governments from more than 190 countries struck a deal Saturday to set up a fund that, officials said, handing a victory to poorer countries that for years have pushed for the move and removing a major sticking point in United Nations climate talks.

Negotiators representing developed and developing countries agreed to the measure in the final hours of the COP 27 United Nations climate summit held in this Egyptian seaside resort.

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