COP27 Puts Climate Compensation On Agenda For First Time

Delegates at the COP27 climate summit in Egypt agreed after late-night talks to put the delicate issue of whether rich nations should compensate poor countries most vulnerable to climate change on the formal agenda for the first time.

For more than a decade, wealthy nations have rejected official discussions on what is referred to as loss and damage, or funds they provide to help poor countries cope with the consequences of global warming.

COP27 President Sameh Shoukry told the plenary that opens this year's two-week United Nations conference attended by more than 190 countries the decision created "an institutionally stable space" for discussion of "the pressing issue of funding arrangements".