A major agreement of the UN COP27 climate summit fell into disarray after discussions to set up a fund to help countries suffering from the devastating effects of global warming collapsed during the early hours of Saturday morning.
The clash between rich nations and developing economies during extended three-day talks sets the course for a difficult UN COP28 climate summit next month in Dubai.
The agreement to create a so-called loss and damage fund was an important conclusion at the last COP27 UN climate summit in Egypt, when leaders from developing countries celebrated the plan to aid “particularly vulnerable” nations.
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