Cop27 on verge of ‘historic step’ as rich nations relent on climate aid to poor

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Developed countries agree in principle to ‘loss and damage’ fund for vulnerable nations as talks run on past deadline

The world’s poorest countries

But rich countries have until now refused, providing limited cash instead to help them cut greenhouse gas emissions and build defences against extreme weather. However, as the EU, the US, the UK and other developed countries had all agreed in principle by the mid-evening that a funding facility for loss and damage should be set up, it now looks inevitable in some form., said it was likely that a fund would now happen. “Cop27 has done what no other Cop has achieved and created a loss and damage fund to support the most impacted communities of climate change.

 

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You know that it won't be rich nations giving climate aid to the poor don't you? It will be rich nations giving money to rich corrupt leaders of poor countries. We are providing billions in food aid to 'poor countries' but their populations are still starving to death!

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