Historic Compensation Fund Approved At UN Climate Talks

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  • Negotiators at COP27 made a deal to create a fund for compensating developing nations that are victims of extreme weather worsened by rich countries’ carbon pollution.
  • The fund would draw on contributions from developed countries and other private and public sources, such as international financial institutions.
  • Funding would be directed at the most vulnerable nations, though there would be room for middle-income countries severely impacted by climate change.

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