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COP27 Talks Begin With Deal to Discuss Climate Reparations

  • Agenda item on “loss and damage” included for the first time
  • Negotiators will now focus on how to pay for climate damage
Bloomberg business news
What to Watch Out for at COP27 Climate Talks
Updated on

UN climate talks began in Egypt Sunday with a deal to discuss how rich countries can help pay for the damages caused by global warming elsewhere.

The breakthrough, reported in advance by Bloomberg, will allow diplomats to officially debate so-called “loss and damage” for the first time during the two week conference in Egypt’s Sharm el-Sheikh resort.