Negotiators at COP27 are preparing a proposal for wealthy countries to pay developing ones for some of the damage from climate change
are working out the details of a proposal for wealthy countries to pay developing ones for some of the damage from extreme weather that scientists say is associated with global warming.
The plan suggests the money could flow through a variety of channels, including a new facility to help countries deal with floods, storms, drought and other natural disasters believed to be made worse by climate change, according to a draft text released by negotiators. If the plan survives until the final agreement this week, it could be the most significant development of this year’s COP27 meeting in Egypt.
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