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COP27 starts, puts climate compensation on agenda for 1st time

Delegates at the United Nations’s COP27 climate summit in Egypt agreed on Sunday to discuss whether rich nations should compensate poor countries most vulnerable to climate change for their suffering. “This creates for the first time an institutionally stable space on the formal agenda of COP and the Paris Agreement to discuss the pressing issue of funding arrangements needed to deal with existing gaps, responding to loss and damage,” COP27 president Sameh Shoukry said.

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