What is loss and damage and will rich nations pay for climate change?

World leaders have reached a historic deal to give money to developing nations facing the effects of climate change.

The creation of a fund for "loss and damage" is seen as a breakthrough, but previous promises of payments are still to be met.

What do countries want money for?

Money for climate action broadly falls into three buckets:

Loss and damage: This money is to help developing countries recover from the effects of climate change they are already suffering.

For example, in the past 12 months alone the developing world has experienced severe climate-related crises - from flooding in Pakistan to drought in East Africa.

Money for disasters is often already available via humanitarian aid.

However, developing nations want guaranteed compensation from developed countries - who they say are historically responsible for climate change.

Developed nations recognise that money needs to be given for this. However, framing the payments as reparations is controversial and they are wary of accepting liability on these terms.