
Damage collateral: a tide turns at COP27
The Intelligence from The Economist
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Climate Conference Outcomes: Funding for the Future
This chapter explores the pivotal outcomes of the recent climate conference, focusing on the establishment of a fund for loss and damage due to climate change. It highlights the tensions experienced during negotiations and the responsibility of wealthier nations to support vulnerable countries affected by climate impacts. Additionally, it discusses innovative financing solutions and the urgent need for systemic reforms in global finance to address the ongoing climate crisis.
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